The trading volume on decentralized exchanges (DEX) in December reached an all-time high of over $320.5 billion, surpassing the $300 billion mark for the first time. Uniswap led with over $103 billion, followed by PancakeSwap ($72 billion) and Raydium ($54.6 billion).

Centralized exchanges (CEX) also saw significant growth, reaching $2.78 trillion, the highest since May 2021. Binance alone processed $950 billion. This growth indicates increasing confidence in DeFi, along with improved liquidity and trading tools.