The current memecoin frenzy has sent monthly DEX volumes to new heights.
Decentralized exchanges have hosted a record $354.15 billion worth of trades in November so far, according to DeFi Llama.
Solana accounts for 35.4% of the total with an all-time high of $125.5 billion, followed by Ethereum with $66.7 billion, Base with $41.8 billion, BNB Chain with $33.6 billion, and Arbitrum with $32.1 billion. DEX volumes on Layer 2s are also at new highs, driven by unprecedented activity on Base and Arbitrum.
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#undefined [Source: TheDefiant]