Decentralized exchanges (DEXs) recorded a historic monthly trading volume of over $585 billion in October, according to DeFiLlama data. This surpasses the previous peak set in January 2025, during the emergence of the meme tokens TRUMP and MELANIA. In the past 30 days, 11 DEXs reported trading volumes exceeding $10 billion each, highlighting the growing activity in the decentralized finance sector.