Decentralized Exchanges Reached Nearly $100 Billion as of Nove | DeFi Check
Decentralized Exchanges Reached Nearly $100 Billion as of November
Monthly Decentralized Exchanges (DEX) data shows that the volume of funds circulating in the ecosystem reached nearly $100 billion at the end of November.
The total for November is approximately $99.5 billion as of November 28. Monthly volumes have increased since hitting a year low of $56.35 billion in July, and November's total exceeded $89.15 billion for October.
Uniswap v3 and v2 exchange protocols formed the bulk of the monthly volume for November, totaling $47.37 billion and $24.07 billion, respectively.
The USDC/ETH trading pair was the most active on Uniswap v3, accounting for about $956 million in the last 24 hours. CoinMarketCap reports that total protocol volume for the previous day was $1.937 billion.
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