#DEXVolumeRecord

In December 2024, decentralized exchanges (DEXs) achieved a record-breaking trading volume of $462 billion, surpassing the previous high of $374 billion in November.

Uniswap led the market with $106.4 billion in trading volume, followed by PancakeSwap at $96.4 billion, and Solana's Raydium at $58 billion.

This surge is attributed to increased optimism for favorable U.S. regulations following recent political developments.

However, the memecoin market experienced a significant downturn, with market capitalization dropping from $137 billion on December 9 to $92 billion by December 23.

These trends highlight the dynamic nature of the crypto market as we enter 2025.