Data: December DEX trading volume exceeded 32 billion USD, setting a new historical high
ChainCatcher news, according to data from The Block, the monthly trading volume of decentralized exchanges (DEX) in December reached a historic high of $320.5 billion, surpassing the $300 billion mark for the first time and breaking the previous record of $299.6 billion set in November. Among them, Uniswap led with over $103 billion in trading volume, followed closely by Pancakeswap with a monthly trading volume of $72 billion, and Raydium on Solana ranked third with $54.6 billion.Analysts point out that many popular crypto assets (such as AI-related tokens) are only traded on DEX, and the rise of some projects like Hyperliquid also indicates that listing on CEX is no longer a necessary condition for achieving high market capitalization.In addition, the spot trading volume on CEX in December also reached its highest level since May 2021, totaling $2.78 trillion, with Binance contributing nearly $950 billion, and Crypto.com, Upbit, Bybit, and Coinbase also processing hundreds of billions in trading volume. Analysts believe that the surge in trading volume on both DEX and CEX reflects a recovery in market activity, driven by recent increases in volatility, enhanced trust in the DeFi ecosystem, and improvements in CEX liquidity and trading tools.