On June 9, 2025, the decentralized exchange (DEX) aggregator 1inch achieved the impossible: a 24-hour trading volume that soared to a staggering $7.26 billion. Yes, you read that right. Seven. Point. Two. Billion. And just like that, the cryptocurrency world began whispering: “Could this be the DeFi Summer we’ve all been waiting for?” Ah, the memories of the 2021 boom come rushing back like the scent of stale vodka in a Soviet-era apartment.
This sudden surge isn’t happening in a vacuum. Oh no, Bitcoin is marching forward, ready to claim a new all-time high, while Ethereum (ETH) is doing what Ethereum does best—showing up with bullish gusto, as if the market was its personal stage.
Now that’s a shot of adrenaline:
24h volume: $7.26B.
Another ATH unlocked.Mondays at 1inch feel like 🚀
— 1inch (@1inch) June 9, 2025
As if that wasn’t enough, Dune analytics data reveals 1inch’s 24-hour volume currently sits at a still-impressive $4.52 billion, while its cumulative trading volume has broken through the $649.60 billion mark today. But wait, there’s more—113,762 transactions were processed in the last 24 hours. Quite the number, don’t you think? If we could only process life’s annoyances with such efficiency.
The Glimmering Hope of DeFi Summer?
The enthusiasts are out in force, equating this moment to the much-hyped “DeFi Summer,” when decentralized exchanges like 1inch took over and made centralized exchanges look like outdated relics. In 2021, DeFi commanded a lion’s share—more than 80% of on-chain volume—thanks to the magical combo of yield farming and the sudden emergence of new protocols. Fast forward to today, and analysts are rubbing their hands together, noting that DeFi’s market share has reached 20.5%, and daily DEX volume stands at $12.8 billion. Can we really call this the summer of DeFi, or are we just getting our hopes up with a fever dream fueled by FOMO?
Ah, the sweet scent of institutional money is in the air, and retail investors are nervously peering at their phones—will this be the time they jump in, or will they forever live in regret like those who missed the last “big thing”?
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2025-06-09 16:36