December saw decentralized exchanges (DEXs) hit a record high, with trading volumes reaching $462 billion, as reported by DefiLlama. This surge continued the momentum from November, fueled by expectations of favorable US regulations post-Trump's election win. Uniswap led the pack with $106.41 billion in trades, followed by PancakeSwap and Raydium. Meanwhile, Solana's DApps saw a revenue boost, largely due to memecoins. However, the memecoin market faced a downturn, dropping from a $137 billion peak to $95 billion by month's end, despite early interest from US platforms.