​Uniswap, a leading decentralized exchange (DEX), achieved a record $38 billion in monthly trading volume in November 2024, nearly a 50% increase from October's $20.32 billion. This surge was primarily driven by Ethereum Layer-2 solutions:
Arbitrum: $19.5 billion
Base: $9.19 billion
Polygon: $4.33 billion
These platforms offer scalability and cost-effectiveness, attracting significant trading activity. Uniswap's fees reached $5.44 million, ranking sixth among DeFi protocols. The native token, UNI, surged by 10% in 24 hours, trading at $12.74, with a market cap of $7.7 billion, making it the 26th largest cryptocurrency.