Decentralized Exchange Trading Volume Reaches Record Level in October! Here's Why

Trading volume on decentralized exchanges (DEXs) rose to an all-time high of $613.3 billion in October, surpassing the nearly $500 billion volume reached in ￰0￱ increase was primarily driven by investor restructuring of positions, according to DefiLlama ￰1￱ Trading Volume Reaches Record Level in October Uniswap reached the highest volume in October with $170.9 billion, while in September this figure was $106.5 ￰2￱ came in second with $101.9 billion in trading volume. “Investors are turning to on-chain platforms not only for their custody control and transparency, but also for liquidity mining and airdrop opportunities,” said Vincent Liu, CIO of Kronos ￰3￱ the same period, the volume of centralized exchanges (CEX) also increased, reaching $2.17 trillion, the highest level since January ￰4￱ maintained its lead with $810.4 billion, followed by Gate, Bybit, and Bitget, respectively, according to The Block ￰5￱ DEX/CEX ratio also rose to 19.84%, indicating growing investor interest in decentralized ￰6￱ Research's Min Jung noted that the sharp market decline on October 10th created high volatility, triggering trading ￰7￱ predict that BNB Chain memecoins, privacy-focused tokens, and ETF-enabled transaction flows played a role in this rise, and that market activity may continue in November. *This is not investment ￰8￱ Reading: Decentralized Exchange Trading Volume Reaches Record Level in October!

Here's Why