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DEX trading volume reached US$300 billion in November, with Uniswap accounting for 40%
Editor
2024-12-21 03:32 1,747
Golden Finance reported that according to data from The Block Research, the transaction volume of decentralized exchanges (DEX) reached US$300 billion in November, exceeding the previous cycle high of US$260 billion set in May 2021. Uniswap maintained the market lead with 40% of total trading volume in November, while Raydium emerged as a strong competitor, occupying 18% of the market share. According to data from The Block Research, Raydium’s substantial contribution was partly due to memecoin trading activity and the pump.fun project. The ratio of DEX to CEX (centralized exchanges) continues to trend upward, reaching 11% in November, up from 9.3% at the beginning of 2024 and 0.04% at the beginning of 2020.
Keywords: Bitcoin
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