DEX trading volume continues to surge, with December hitting an all-time high of $302.5 billion. This record-breaking month follows November's previous high of $299.6 billion. Uniswap (UNI) led the pack with the highest trading volume, followed by PancakeSwap (CAKE) and Raydium (RAY). The surge in DEX trading volume is part of a broader trend towards decentralized finance (DeFi). DeFi offers a range of financial services, such as lending, borrowing, and trading, without the need for traditional intermediaries like banks or brokers. This has made DeFi increasingly popular with users who value privacy, security, and control over their assets. The growth of DEXs is also being driven by the increasing popularity of non-fungible tokens (NFTs). NFTs are digital assets that represent ownership of unique items, such as art, music, or collectibles. NFTs are often traded on DEXs, which provide a secure and transparent way to buy and sell these assets. The surge in DEX trading volume is a sign of the growing popularity of DeFi and NFTs. As these markets continue to grow, we can expect DEXs to play an increasingly important role.