Decentralized Exchanges Record $100 Billion Volume In November

For the month of November, decentralized exchanges (DEXs) have seen nearly $100 billion volume, according to data from CoinGecko.

As of November 28, the month’s total volume stands at $99.5 billion. The previous month figure was $89.15 billion, while the year’s low of $56.35 was recorded in July when.

For November, Uniswap v2 and v3 constituted $47.37 billion and $24.07 billion, respectively.

USDC/ETH trading pair was the most active on Uniswap v3, accounting for approximately 654.4 million in volume during the past 24 hours. CoinGecko reports $1.49 billion in overall volume for the protocol in the past day. 

To date, the highest volumes were recorded in May, when DEXs reported a total of $162.83 billion in volume.