Based on knowledge from DefiLlama, decentralized exchanges (DEXs) skilled a outstanding surge in December, reaching an all-time excessive month-to-month buying and selling quantity of $463 billion.
This milestone displays continued development in DeFi, which has maintained constant momentum all through the final quarter of the yr.
DefiLlama experiences that buying and selling volumes steadily climbed throughout This autumn, beginning with $194.74 billion in October and $374 billion in November earlier than hitting December’s record-breaking determine.
Solana emerged because the main blockchain for DEX buying and selling exercise, dealing with $115 billion in transactions. Binance Sensible Chain (BSC) adopted intently with $98 billion, marking its highest month-to-month quantity.
Ethereum-based DEXs processed $88.47 billion, whereas the Coinbase-backed Base community recorded $52 billion in trades.
In the meantime, Arbitrum, an Ethereum layer-2 community, facilitated $33.8 billion in buying and selling quantity, additional solidifying its place as a major participant within the DeFi ecosystem.
Amongst particular person platforms, Uniswap retained its place because the main DEX, recording $106.4 billion in buying and selling quantity over the previous month.
PancakeSwap ranked second with $96.4 billion in exercise, whereas Raydium—Solana’s most distinguished decentralized trade—secured third place with $58 billion in transactions.
The highest 5 are accomplished with Aerodrome and Orca, which processed $31.03 billion and $22.8 billion in trades, respectively.