Memecoin Trading Fuels DEX Surge as Retail Drivers Spark Speculative Activity

Decentralized exchange trading volumes have experienced a significant boost in November 2025, with a remarkable 40% increase driven by the frenzy surrounding memecoins. This phenomenon highlights retail traders’ involvement despite broader market declines and points to a speculative trend taking hold. Notably, while trading activity increased, the overall value of memecoins remained relatively low. The surge is attributed to retail traders’ activities without significant input from institutional players. Neither prominent figures in the crypto space nor DEX founders have publicly addressed this sudden volume spike.