PANews, December 30 - According to Cointelegraph, DefiLlama data shows that decentralized exchanges (DEX) set a historical record in December, with monthly trading volume soaring to $462 billion. Uniswap remains the largest DEX by trading volume, with $106.41 billion traded in the past 30 days. PancakeSwap ranks second with a monthly trading volume of $96.42 billion. Raydium, the largest DEX in the Solana ecosystem, ranks third, with a trading volume of $58 billion in the past 30 days. Aerodrome and Orca rank fourth and fifth, respectively. Aerodrome had a trading volume of $31 billion, while Orca reached $22 billion. The total trading volume of Lifinity, Curve Finance, and Hyperliquid is $43.6 billion.
As DeFi trading volumes surged, the meme coin market experienced a significant correction in December. According to CoinMarketCap, the overall market value of meme coins skyrocketed at the beginning of December, followed by a substantial pullback. On December 9, the market value of meme coins reached a peak of $137 billion. However, by December 23, the total market value of meme coins fell by $45 billion, dropping to $92 billion. At the time of writing, the total market value of meme coins is $95 billion, which is 20% lower than the market value on December 1.
