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.