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

Decentralized exchanges realize nearly $100 billion in monthly volume for 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.

As of November 28, the figure stood at an estimated $99.5 billion. The monthly volume has recovered since hitting a $56.35 billion low in July, with the November figure surpassing October's $89.15 billion.

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. Meanwhile, the USDC/ETH trading pair was the most active on Uniswap v3, accounting for approximately 654.4 million in volume in the past 24 hours, according to CoinGecko. The data aggregator announced $1.49 billion in overall volume for the protocol in the past day.

The monthly volume for DEXs peaked in May when they reported a total of $162.83 billion in volume, an ATH to date.

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72nd Reason For National Bitcoin Reserve: Crypto-Based Scholarships Modernize Education Funding

72nd Reason For National Bitcoin Reserve: Crypto-Based Scholarships Modernize Education Funding

Educational institutions worldwide are beginning to allocate scholarships and grants in Bitcoin, revealing practical applications beyond traditional reserve assets. Such programs reduce transaction costs compared to fiat-based international scholarships, provide enhanced accountability through blockchain verification, and help students develop digital finance skills. National Bitcoin reserves could supply the necessary cryptocurrency

By Albert Morgan