DEX volume hits all-time high in October as traders reposition funds

Decentralized exchange (DEX) trading volume surged to an all-time high of $613.3 billion in October, up from nearly $500 billion in September, as traders actively repositioned their holdings. Uniswap led DEX volume with $170.9 billion, followed by PancakeSwap. Centralized exchange (CEX) volume also rose significantly to $2.17 trillion. The DEX-to-CEX volume ratio increased to 19.84%, signaling growing interest in decentralized platforms. Experts attribute the volume jump to strong volatility following a sharp market drop on October 10th, which prompted heavy trading, as well as traders pursuing new narratives like BNB Chain memecoins and privacy coins. Trading activity is expected to remain active if new volatility drivers emerge.

(Source：The Block)