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Decentralized Exchange Volume Falls 25.1% to $12.3 Billion

GeckoTerminal data showed a 57.89% gain from a week earlier, while VRQQ/USDT on BNB Chain rose 13,635% in 24 hours.

Updated 2 min read
A commuter checks a phone beside a café window in Seoul on an overcast afternoon / TokenPost.ai
A commuter checks a phone beside a café window in Seoul on an overcast afternoon / TokenPost.ai

GeckoTerminal’s Oct. 31 snapshot showed decentralized-exchange (DEX) trading fell to $12.3 billion over 24 hours, a sharp daily pullback despite a higher reading than one week earlier.

The turnover figure was 25.1% below the previous day’s total, while remaining 57.89% above the reading from a week earlier. Those comparisons cover separate periods in the Oct. 31 snapshot.

VRQQ/USDT on BNB Chain advanced 13,635% during the measured 24 hours. SAFU/USDT, also on BNB Chain, gained 4,603%, and Papertrade’s Paper/USDC pair on Base rose 922%. The steepest declines were LYX/USDT on BNB Chain, down 99.93%; Pumpkin/USDT, lower by 46.17%; and AKE/WBNB, down 39.63%.

Giga Tenev’s GIGATENEV/WETH pair gained 26.47% and topped the trending ranking. RobinSeed’s SEED/WETH placed second after falling 29.81%, while Cash Cat’s CASHCAT/WETH was third, down 1.91%.

Tether USD (USDT/USDS) recorded the highest reported pair volume at $253.2 million. USD Coin (USDC/USDT) followed with $224.7 million, while Lydia (BSW/USAD) posted $186.4 million.

Tether USD (USDT/WBNB) had 251,028 transactions, with buys making up 33%. Moonbirds (BIRB/USDC) registered 175,477 transactions and an even 50% buy share; MEET48 Token (IDOL/WBNB) had 150,644 transactions, with buys accounting for 48%.

Longinus (LGNS/DAI) had 22,266 buyer wallets and 23,181 seller wallets. Tether USD (USDT/WBNB) recorded 19,230 buyer wallets and 19,885 seller wallets, while Wrapped SOL (SOL/USDC) had 16,429 buyers and 12,715 sellers.

For an earlier daily comparison, an Oct. 18 EconoTimes DEX snapshot put turnover at $5.7 billion; the readings cover different 24-hour periods.

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