The proportion of DEX in cryptocurrency trading volume has exceeded 20% for the first time, and the narrative of AI Agent + DeFi is gaining popularity.

Data shows that users seem to be leaving centralized exchanges and embracing on-chain DEX.

Notably, among the currently hyped AI Agent narratives, the popularity of AI Agent + DeFi is on the rise.

Which projects are worth paying attention to?

Currently, the focus is mainly on three areas: abstraction layer, autonomous trading agents, and AI-driven dApps. Specific projects include: Griffain, Orbit, Neur, AIWayfinder, Almanak, etc. For a detailed interpretation, see the commentary article.

In addition, in a16z's latest research report, they believe that to gain insights into the development of the crypto industry in 2025, five indicators need to be monitored, one of which is the proportion of DEX trading volume. They believe that the trading volume of high-throughput chains like Base and Solana will significantly increase in 2024 and will continue this trend in 2025.

The other four indicators are:

✅ Monthly active wallet users;

✅ Adjusted stablecoin trading volume;

✅ Net inflow of ETF funds;

✅ Total blockchain transaction fees.