CoinVoice has recently learned that according to data from The Block, the monthly trading volume of decentralized exchanges (DEX) reached a historical high in December, totaling $320.5 billion, breaking the $300 billion mark for the first time and surpassing the record of $299.6 billion set in November. Among them, Uniswap led with a trading volume of over $103 billion, followed closely by Pancakeswap with a monthly trading volume of $72 billion, and Raydium on Solana ranked third with $54.6 billion.
Analysts point out that many popular crypto assets (such as AI-related tokens) are only traded on DEXs, while the rise of projects like Hyperliquid also indicates that listing on CEXs is no longer a necessary condition for achieving a high market value.
In addition, the CEX spot trading volume in December also reached its highest level since May 2021, with a total of $2.78 trillion, of which Binance contributed nearly $950 billion, and Crypto.com, Upbit, Bybit, and Coinbase also processed hundreds of billions of dollars in trading volume. Analysts believe that the surge in DEX and CEX trading volume reflects a recovery in market activity, driven by recent increases in volatility, enhanced trust in the DeFi ecosystem, and improvements in CEX liquidity and trading tools. [Original link]
