upper volume Decentralized Exchange morealmost doubled in November from the previous month. Due to the collapse of the FTX market with an increase of about 93%.
Centralized exchange (CEX) volume, which includes platforms such as Binance and Coinbase, rose 24% to $673 billion, up from $543 billion in October, according to The Block data. trade like Decentralized (DEX) excluding Layer 2 increased significantly. Volume doubled to $65 billion from $34 billion.
Lars Hoffman of Block Research specifyto this increase that is caused by “The collapse of FTX and the consequent risk reduction from CEX to on-chain,” where crypto holders are likely to lose faith in centralized exchanges and move to cryptocurrency exchanges. Decentralized (DEX) where they maintain the keys themselves.
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