Decentralized trading platforms (DEX) saw nearly $100 billion in volume in November.
The Block’s Data Dashboard has announced the DEX volume data for this month. Accordingly, approximately $99.5 billion in volume was created in DEXs as of November 28.
Monthly volumes on DEXs have been climbing since the July drop. DEX volume slumped to $56.35 billion in July. Then, volume data began to pile up, with November volume exceeding September’s volume of $89.15 billion.
Uniswap v3 and v2 protocols constituted the majority of the volume in November. These protocols totaled $47.37 billion and $24.07 billion, respectively. DEXs generated the largest volume with $162.83 billion in May.