The blockchain trading market in December ushered in a historic breakthrough! According to data from The Block, the monthly trading volume of decentralized exchanges (DEX) exceeded the $300 billion mark for the first time, reaching $320.5 billion, breaking the record in November. Uniswap topped the list with a trading volume of more than $103 billion, followed by Pancakeswap and Raydium, which achieved trading volumes of $72 billion and $54.6 billion, respectively.

Analysts pointed out that many popular crypto assets are only traded on DEX, indicating that the importance of decentralized exchanges is rising. At the same time, the rise of projects such as Hyperliquid shows that listing on centralized exchanges (CEX) is no longer the only way to achieve high market capitalization.

Not only that, CEX's spot trading volume also reached its highest level since May 2021, with a total of $2.78 trillion. Binance contributed $950 billion of this, and other platforms such as Crypto.com, Upbit, Bybit and Coinbase also performed well. Market analysts believe that the surge in DEX and CEX trading volumes reflects the recovery of market activity, driven by the recent increase in volatility, increased trust in the DeFi ecosystem, and improvements in CEX liquidity and trading tools.