DEX Volume Up 146% After Collapse of FTX: Delphi Digital

Decentralized exchange volume increased from $20B to $49.2B (+146%) during the first week of November while the FTX collapse occurred.
  • Dec 01, 2022, 02:05 UTC
source: delphidigital

According to a recent report by Delphi Digital, DEX’s have witnessed a massive spike in volume due to the downfall of crypto exchange FTX.

Delphi Digital reported that volume across all chains increased 146% during the start of November as the collapse was unfolding. Monthly DEX volume is also up 110% from $107B in October to $50.8B in November.

The majority of DEX volume came from Uniswap (60%), followed by Pankcakeswap (9%) and Curve (9%). Uniswap also overtook Coinbase on the ETH/USD pair with a volume of ~$1.1B compared to Coinbase with a volume of ~$0.6B.

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Liam Peak
Liam Peak
Liam is the founder and head editor at Coinmash. Previously working as a blockchain developer, he enjoys sharing insights on DeFi, NFTs, and Blockchain tech. Occasionally he'll share a thought or two and cover some breaking news surrounding Web3.