Decentralized Exchange Trading Volume Hits Record High

According to PANews, data from Galaxy Research indicates that the total trading volume on decentralized exchanges (DEXs) across 23 blockchains reached an all-time high over the past week. The seven-day moving average for these transactions was $16.8 billion. Notably, within the first nine days of November, four days recorded daily trading volumes that ranked among the top ten in history, with the highest single-day volume reaching $19.8 billion. Solana emerged as a significant contributor during this period, accounting for 54% of the total trading volume, making it the largest driving force behind the surge. On November 19 and 20, Solana's daily trading volumes hit $9.6 billion and $10.1 billion, respectively, marking historical highs for the blockchain. Additionally, Solana's market share increased to 54% on a seven-day moving average, with the highest single-day share reaching 59%.