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Monthly DEX Volume Drops by 38.8% in October As DeFi Market Takes Hit

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The monthly trading volume of decentralized exchanges (DEX) recorded a drop of 38.8% in the month of October. The drop resulted in the trading volume sliding from $26.3 billion to $16.1 billion. With the wild growth in popularity of decentralized finance (DeFi) this year, the DEX trading volume has been on a consistent increase up to September when it reached a peak of $23.6 billion.


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