Daily DEX trading volume jumped to $12.9 billion last week, driven by fragmented memecoin activity across multiple blockchains.
Decentralized exchange trading volumes spiked last week, rising from $3.3 billion to a peak of $12.9 billion, marking a nearly fourfold increase. The surge was fueled by heightened memecoin activity across ecosystems including Base, Solana, Hyperliquid, and Robinhood.
Prior to the spike, daily volumes had stabilized at lower levels, with memecoin trading largely concentrated on fewer platforms. The recent fragmentation suggests broader participation and localized trends within each blockchain ecosystem.
No immediate market reaction data was provided, but the volume increase reflects renewed speculative interest in decentralized assets.