Decentralized exchanges post $17 billion in volume for November, continue monthly decline from September peak
December 1, 2020, 1:16PM EST
1 min read
Decentralized exchanges posted a total of $17.06 billion in trade volume for November, continuing a decline from September's volume peak of $26.26 billion, according to data collected by The Block Research.
As seen in past months, the volume was dominated by Uniswap, though that marketplace's month-over-month volume fell from $11.2 billion to $9.91 billion, per the data. Curve's volume slid from $5.2 billion to $2.43 billion month-over-month.
All in all, the November volume figure represents a roughly 35% decline from September.
November saw various developments across the DEX space, notably including the stoppage of Uniswap's liquidity mining rewards program. The DEX's community stakeholders are now weighing future options on that front.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Canadian Securities Administrators, an umbrella group for securities regulators in the country, alongside a self-regulatory organization for the investment industry, has released new guidance for crypto exchanges on the use of social media as well as advertising and marketing.