DEX Daily Volume Slips 11% to $7.9 Billion as Four Tokens Set All-Time Lows
Key Takeaways
- •Daily trading volume on decentralized exchanges fell 11% to $7.9 billion, per a COINOTAG report dated October 24, 2026.
- •Four tokens with market capitalizations above $10 million registered all-time lows on CoinGecko's ledger for Saturday, October 24.
- •ULTIMA set an all-time low at $1,260, a price more than 90% below its previous peak.
- •ZYLO, VNX, and DIAM also hit all-time lows at $0.0199, $0.04859, and $0.004295 respectively.
- •The new lows spanned tokens with substantial market caps, showing the session's weakness was not limited to thinly capitalized assets.
Daily trading volume on decentralized exchanges (DEXs) slipped 11% to $7.9 billion, according to a COINOTAG report on October 24, 2026.
In an update issued at 05:23 UTC, COINOTAG noted that the breadth of the drawdown also showed up in CoinGecko's all-time high (ATH) and all-time low (ATL) ledger for Saturday, October 24. Four tokens with market caps above $10 million set all-time lows, led by ULTIMA at $1,260 — a price still more than 90% below its peak. ZYLO followed at $0.0199, VNX at $0.04859 and DIAM at $0.004295. Because the tokens named all carried market caps above $10 million, the session's new lows were not confined to thinly capitalized assets.
Background
Decentralized exchanges are on-chain venues where users swap cryptocurrencies directly through smart contracts rather than through a centralized intermediary. Aggregate DEX volume is widely tracked as an indicator of on-chain trading activity, and daily figures like this one reflect a single 24-hour window of swaps settling across on-chain venues.
CoinGecko, a cryptocurrency data platform, maintains ATH and ATL records for the tokens it lists. An all-time low marks the lowest price at which a token has traded since it began trading, and ULTIMA's print — more than 90% below its peak while simultaneously sitting at its lowest recorded level — illustrates how the two ends of such a ledger can diverge.
Both readings refresh with each new trading day: volume aggregators compile on-chain swaps as they settle, and the ATH/ATL ledger records a new extreme whenever a token trades beyond a previous mark. The October 24 figures therefore serve as a one-day snapshot, with subsequent updates from the same trackers providing the record of how these levels evolve.
This article is based on content first published on COINOTAG: https://en.coinotag.com/dex-daily-volume-slips-11-to-7-9-billion
