Krutika Adani
Monthly volume on Ethereum Layer-2 networks soars to unprecedented levels as DeFi demand resurges.
Uniswap achieved a record $38 billion in November across L2 networks like Base, Arbitrum, Polygon, and Optimism—surpassing its previous high by $4 billion.
Arbitrum: $19.5 billion
Base: $13 billion
Uniswap thrives on these rapidly growing ecosystems.
Increased demand for stablecoins and assets, rising on-chain yields in the broader DeFi space, and Ethereum and DeFi tokens gaining momentum.