The post DEXs achieve record $463 billion trading volume in December appeared on BitcoinEthereumNews.com.

According to data from DefiLlama, decentralized exchanges (DEXs) experienced a remarkable surge in December, achieving an all-time high monthly trading volume of $463 billion. This milestone reflects continued growth in DeFi, which has maintained consistent momentum throughout the last quarter of the year. Chart showing trading volume on DEXs in 2024 (Source: DeFiLlama) DefiLlama reports that trading volumes steadily climbed during Q4, starting with $194.74 billion in October and $374 billion in November before hitting December’s record-breaking figure. Solana emerged as the leading blockchain for DEX trading activity, handling $115 billion in transactions. Binance Smart Chain (BSC) followed closely with $98 billion, marking its highest monthly volume. Ethereum-based DEXs processed $88.47 billion, while the Coinbase-backed Base network recorded $52 billion in trades. Blockchain Networks DEX Volume (Source: DeFilLlama) Meanwhile, Arbitrum, an Ethereum layer-2 network, facilitated $33.8 billion in trading volume, further solidifying its position as a significant player in the DeFi ecosystem. Among individual platforms, Uniswap retained its position as the leading DEX, recording $106.4 billion in trading volume over the past month. PancakeSwap ranked second with $96.4 billion in activity, while Raydium—Solana’s most prominent decentralized exchange—secured third place with $58 billion in transactions. Top 5 DEX Volume (Souce: DeFillama) The top five are completed with Aerodrome and Orca, which processed $31.03 billion and $22.8 billion in trades, respectively. Source: https://cryptoslate.com/insights/dexs-achieve-record-463-billion-trading-volume-in-decemeber/

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Filed under: News - @ December 30, 2024 3:25 pm