Uniswap hits new monthly trading volume record on Ethereum Layer 2, recording $38 billion.

- Main networks: Arbitrum ($19.5 billion), Base ($13 billion), Polygon, Optimism.

- Increased activity is due to increased interest in DeFi and stablecoins.

- Defiance Capital's Arthur Cheong compared DeFi to the European Renaissance, highlighting its potential to change the global financial system.