DEX Trading Volume Soars to New Record Highs in October

October witnessed a dramatic surge in decentralized exchange (DEX) trading activity, reaching an impressive $613.3 billion according to data from DefiLlama. This represents a substantial increase compared to September’s approximately $500 billion. Uniswap emerged as the market leader, generating a monthly trading volume of $170.9 billion, up from $106.5 billion in the previous month. PancakeSwap followed closely in second place with $101.9 billion, representing a significant jump from the $79.8 billion recorded in September.