## October's DEX trading volume reaches a new all-time high



The momentum of decentralized exchanges is unstoppable. According to data from DefiLlama, the total trading volume of DEX reached **61.33 billion dollars** in October, marking a sharp increase of 22.6% compared to September.

The market leader is indeed **Uniswap**. The monthly trading volume jumped to **$17.09 billion**, an increase of over 60% from $10.65 billion in September. It is now a dominant force.

Following that, **PancakeSwap** takes the lead. The trading volume is **$10.19 billion**, an increase of about 28% from last month's $7.98 billion. The excitement around Layer 2 and the rising demand for multi-chain seems to be the background.

The activation of the entire DeFi market is prominent, and the demand for spot trading has reached an unprecedented level.
UNI-4.32%
CAKE-9.23%
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