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Decentralized exchanges realize nearly $100 billion in monthly volume for November By BTC Peers

by Mike Robinson

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Nearly $100 billion of monthly volume was generated by decentralized exchanges in November

According to data from The Block’s Data Dashboard, decentralized exchanges have so far recorded almost $100 billion in volume in the month of November.

The figure was estimated at $99.5 billion as of November 28. After a July low of $56.35 billion, the monthly volume is back up and now exceeds October’s $89.15 trillion.

Uniswap’s v3 and v2 exchange protocols were the major contributors to the monthly volume for November, with $47.37 billion and $24.07 billion, respectively. CoinGecko reported that USDC/ETH traded the highest volume on v3 in 24 hours and accounted for about 654.4 millions in volume. In the last day, the data aggregator reported $1.49 trillion in total volume for the protocol.

Monthly volume of DEXs reached its peak in May, when it reported a volume totalling $162.83 Billion. This was the highest volume recorded by DEXs to date.

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