Uniswap's monthly trading volume reached $38 billion in November, an increase of nearly 50% from October, breaking the previous record of $34 billion. Arbitrum contributed the most, reaching $19.50 billion. Uniswap's total fees reached $5.44 million, ranking sixth in the DeFi protocol. Its token UNI rose more than 44% this week, and its market value reached $7.70 billion, reflecting the recovery of DeFi and the increase in on-chain activity.