Uniswap and Solana are leading the resurgence of the decentralized finance (DeFi) ecosystem with all-time highs in trading volume. Uniswap reached a record volume of 38 billion in November, driven by its integration with Ethereum Layer-2 scaling solutions such as Arbitrum, Base, and Polygon.¹
On the other hand, Solana recorded a record monthly trading volume of 109.73 billion on its decentralized exchanges (DEX), representing a growth of more than 50% compared to October's volume.
This DeFi resurgence is due to the combination of scalable platforms, increased Layer-2 adoption, and interest in new financial opportunities. In addition, the increase in on-chain yields and the rise of digital assets are also driving this growth.
As for future prospects, the DeFi ecosystem is positioned for sustained growth, with Uniswap and Solana marking historic milestones. The adoption of innovative technologies and the growing demand for decentralized financial solutions also point to a promising future for the sector.