Pi42 exchange, a popular cryptocurrency trading platform in India, has reported record trading volumes in the last 24 hours. On-chain metrics suggest that the exchange has seen a significant increase in trading activity, with over ₹1,000 crore (approximately $130 million) worth of trades executed on the platform. This represents a 30% increase in trading volumes compared to the previous day. The exchange's CEO noted that the increasing demand for cryptocurrencies in India, particularly among retail investors, is driving the growth of the platform. The recent rally in cryptocurrency prices has also contributed to the surge in trading activity.