Monthly DEX Trading Volume Increased in November by 110%
In November 2022, the monthly decentralized exchange volume showed an increase of 110% from the volume registered in October: $50.8B —> $107.1B. Such a significant increase was caused by the FTX bankruptcy and following outflow of crypto from centralized exchanges. This is the highest monthly trading volume since May 2022, when Terra collapsed.
At the same time, the positions of the leaders remain unaffected by the market sentiment. According to the data from CryptoRank.io, Uniswap V3 and PancakeSwap are still leading in terms of trading volume, together they accounted for over 69% of DEX trading volume in November. Orca and Balancer showed the highest increase in trading volumes in November.