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    Home»Markets»DEXs obtain file $463 billion buying and selling quantity in December
    DEXs obtain file 3 billion buying and selling quantity in December
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    DEXs obtain file $463 billion buying and selling quantity in December

    By Crypto EditorDecember 31, 2024No Comments2 Mins Read
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    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.

    DEXs obtain file 3 billion buying and selling quantity in DecemberDEXs obtain file 3 billion buying and selling quantity in December
    Chart exhibiting buying and selling quantity on DEXs in 2024 (Supply: DeFiLlama)

    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.

    Blockchain Networks DEX Volume Blockchain Networks DEX Volume
    Blockchain Networks DEX Quantity (Supply: DeFilLlama)

    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.

    Top 5 DEX VolumeTop 5 DEX Volume
    High 5 DEX Quantity (Souce: DeFillama)

    The highest 5 are accomplished with Aerodrome and Orca, which processed $31.03 billion and $22.8 billion in trades, respectively.



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