After experiencing a slump in September, with a trading volume of $30.22 billion, decentralized exchange (dex) activity saw a surge in October, climbing by over 32% to $39.98 billion. The momentum in dex trade volume has been consistent in November, with the past week alone accounting for $15 billion in trades.
After a September Decline, Dex Markets Rebound
According to recent statistics, decentralized exchange (dex) platforms registered an increase of $9.76 billion in trading volume in October compared to the previous month. The October volume reached $39.98 billion, which also slightly surpassed the $39.52 billion total of August.
As the first week of November 2023 has concluded, dex platforms have tallied $15 billion in trades, indicating a stronger volume that represents 37.51% of October’s entire volume over the same seven-day span. In the $39.98 billion total dex volume for October, Uniswap dominated with $26.86 billion, constituting over two-thirds of the month’s volume at
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