<p>Monthly data for decentralized exchanges (DEXs) indicates that the ecosystem has seen nearly $100 billion in volume for the month of November.</p> <p>According to The Block's Data Dashboard, the total for November is approximately $99.5 billion as of November 28. Monthly volumes have climbed since hitting a low for the year of $56.35 billion in July, with the November figure surpassing October's $89.15 billion.</p> <p><iframe frameborder="0" height="420" src="https://embed.theblockcrypto.com/data/decentralized-finance/dex-non-custodial/dex-volume-monthly/embed" title="DEX Volume" width="100%"></iframe></p> <p>As expected, Uniswap v3 and v2 exchange protocols have constituted the bulk of the monthly volume for November, reporting $47.37 billion and $24.07 billion, respectively.</p> <p>According to <a href="https://www.coingecko.com/en/exchanges/uniswap" target="_blank" rel="noopener">CoinGecko</a>, the USDC/ETH trading pair was the most active on Uniswap v3, accounting for approximately 654.4 million in volume during the past 24 hours. CoinGecko reports $1.49 billion in overall volume for the protocol in the past day. </p> <p>To date, monthly volumes peaked in May, when DEXs reported a total of $162.83 billion in volume. </p>