Cryptocurrency Traders Are Becoming Increasingly Active: Kaiko

Reading Time: < 1 minute

According to Kaiko, both centralized and decentralized exchanges have seen an increase in average transaction volume since October.

The average transaction volume reached approximately $220 in centralized exchanges and over $3,000 in decentralized exchanges.

This includes data from Uniswap, TraderJoe, PancakeSwap, Balancer, and SushiSwap.

In November, the aggregated trading volume for DEX continued to recover from a multi-year low in September, reaching $29 billion.

Despite this increase, it was still four times lower than the record high of $124 billion in May 2021. The percentage of DEX trading volume compared to CEX remained at 3%, down from 5% in January.

The highest recorded percentage was 10% in November 2020.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!