PANews reported on December 21 that according to data from The Block Research, in November, the trading volume of decentralized exchanges reached 300 billion US dollars, exceeding the high of 260 billion US dollars in the previous cycle in May 2021. The ratio of DEX to CEX continued to rise, reaching 11% in November, higher than 9.3% at the beginning of 2024 and 0.04% at the beginning of 2020.