Cardano DEX Volume Jump 14% Even as ADA fall 22%

SundaeSwap don publish im first Float Monthly report on November 10, wey present detailed overview of decentralized finance activity across Cardano for October. According to the report, decentralized exchange (DEX) trading volume increase 14%, while the number of executed trades climb 29%.

The increase happen for month wey ADA lose about 22% of im value, create divergence between the cryptocurrency market performance and trading activity across Cardano decentralized exchanges.

Cardano DEX Trading Reach $65.7 Million

Float Monthly record $65.7 million DEX trading volume during October, mark the second consecutive month of growth. The number of executed trades reach 190,748, the highest monthly total since June.

The number of trades increase faster pass their combined dollar value. This one show say the average transaction small pass September own, as more individual swaps contribute to the overall volume.

But, higher transaction counts no mean say active users increase the same way. The report no separate retail participants, arbitrage activity, and automated trading strategies.

The figures still reflect activity wey dem measure in US dollars during the period wey ADA price dey decline. According to CoinGecko data wey the analysis cite, ADA trade near $0.25 for beginning of October and about $0.19 by November 1.

DefiLlama still record increase for Cardano DEX volume, even though im totals different. Data wey dem retrieve on November 11 place October trading volume around $41.1 million, compared with $33.9 million for September. The platforms use different tracking methodologies and exchange coverage, so their totals no directly interchangeable.

Liquidity Remain Stable as Lending Utilization Climb

As trading volume increase, the dollar value of liquidity wey DEX pools hold across Cardano remain relatively stable. Float report $25.4 million exchange liquidity by end of October, represent decline of just 1% from September.

The combo of higher trading volume and liquidity wey near unchanged indicate say more trading activity happen relative to the capital available inside decentralized exchange pools.

The report still record increase for lending utilization, wey rise by 4.9 percentage points to 56%. This metric measure the proportion of deposited assets wey people currently borrow through lending protocols.

Higher utilization fit influence borrowing costs, lending yields, and the amount of liquidity available for withdrawals. The effects depend on the interest rate mechanisms and risk parameters of each protocol. Float Monthly no specify which lending platforms contribute to the aggregated utilization figure.

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Float Monthly Bring Broader View of Cardano DeFi

Float na analytics platform wey the SundaeSwap team develop to track token prices, decentralized exchange activity, liquidity pools, wallet portfolios, and transaction histories across Cardano. Im first monthly report expand that functionality into recurring overview of market activity, bring together trading volume, transaction counts, exchange liquidity, and lending indicators.

The report follow several new additions to the platform, including better pricing for concentrated liquidity pools, lending data from Danogo, and Signals, one monitoring feature wey dey identify large trades, sudden price movements, and stablecoin deviations.

For October, Float still introduce access to SundaeSwap V4 swaps, including the yield bearing stablecoin sUSDrf.

The monthly report land one day after SundaeSwap launch redesigned exchange interface with profit and loss tracking for individual liquidity positions. While that update focus on managing positions, Float Monthly dey examine activity across the wider Cardano DeFi market.

October figures set starting point for future comparisons. The report record increased trading activity and lending utilization during period of declining ADA prices, but e still leave the number of distinct active traders and the contribution of automated strategies unresolved.