Significant increase in trading volume: The trading volume in November not only surpassed the previous record of 34 billion USD in March but also rose nearly 50% compared to 20.32 billion USD in October. Arbitrum was the main contributor with 19.5 billion USD.

Uniswap asserts its position: Uniswap has solidified its position as one of the top-fee generating platforms, earning a total of 5.44 million USD across all platforms, ranking just behind Solana.

Demand for assets in DeFi: According to Henrik Andersson, investment director at Apollo Crypto, Uniswap’s increased volume is evidence of the demand for assets and stablecoins in the expanding DeFi ecosystem.

Recovery of DeFi: The success of Uniswap and Solana in November suggests a strong resurgence of decentralized finance (DeFi).