At the end of November 2021, the number of transactions on decentralized crypto exchanges may exceed $100B.
According to The Block, as of November 28, the trading volume has already reached $ 99.5 billion. Compared to the July lows, the number of transactions with digital assets on DEX platforms increased by $ 56.35 billion. The researchers noted that in October the trading volume reached $ 89,15 billion.
If you pay attention to the data provided by analysts, you will notice that the record month in terms of the activity of users of decentralized exchanges was May. The trading volume then exceeded $ 162 billion.
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An increase in activity has been observed since the winter of this year. The lion's share of operations was processed by versions of UniSwap v3 and v2 - $ 47.37 billion and $ 24.07 billion, respectively.
According to CoinGecko, traders completed the largest number of transactions with USDc stablecoin paired with Ether (ETH) on the UniSwap platform. Over the past day, the trading volume on this exchange exceeded $ 1.49 billion, analysts said.