This article is about blockchain, trading, and technology news.

In December, decentralized exchanges (DEXs) broke records with monthly trading volumes reaching $462 billion. According to DefiLlama data, this increase continues the momentum from November.

Uniswap continued to lead with $106.41 billion in trading volume, while PancakeSwap came in second with $96.42 billion. Solana’s largest DEX, Raydium, came in third with $58 billion in volume.

The memecoin market lost $40 billion in market value in December. This is remarkable despite the growth in the decentralized finance (DeFi) space.

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