Uniswap's November Trading Volume Surges By Nearly 50%

According to Odaily, Uniswap's trading volume in November reached an impressive $38 billion, marking a nearly 50% increase from October and surpassing the previous record of $34 billion. This significant growth was largely driven by Arbitrum, which contributed $19.5 billion to the total volume. Uniswap's total fees amounted to $5.44 million, positioning it as the sixth-largest DeFi protocol in terms of fees. The platform's native token, UNI, experienced a remarkable increase of over 44% this week, bringing its market capitalization to $7.7 billion. This surge in UNI's value reflects a broader recovery in the DeFi sector and an uptick in on-chain activities.