Golden Finance reported that Uniswap’s monthly trading volume reached US$38 billion in November, an increase of nearly 50% from October, breaking the previous record of US$34 billion. Arbitrum contributed the largest amount, reaching $19.5 billion. Uniswap’s total handling fees amounted to US$5.44 million, ranking sixth among DeFi protocols. Its token UNI rose by more than 44% this week, with a market value of US$7.7 billion, reflecting the recovery of DeFi and increased on-chain activity.