Crypto: 462 Billion Dollars Traded on DEXs in December
In December 2024, decentralized exchanges (DEX) reached a historic record with a monthly volume of $462 billion. This exceptional performance reflects the ongoing rise of decentralized finance (DeFi) and the growing interest of crypto investors in exchange platforms without intermediaries.
Crypto: DEX Set a New Record in December 2024
Decentralized exchanges or DEX established a new historic high of $462 billion in 1 month! This impressive figure marks a significant increase compared to November 2024, when the crypto trading volume had already reached $374 billion.
Uniswap remains the undisputed leader among DEX, recording a volume of $106.4 billion over the last 30 days. PancakeSwap closely follows with a monthly volume of $96.4 billion. Raydium, the largest DEX on Solana, ranks third with a volume of $58 billion. This crypto performance is partly due to an increase in revenues from decentralized applications (DApps) on Solana, which generated $365 million in November.
The dynamic observed in December can be explained by the anticipation of a more favorable regulatory regime in the United States following Donald Trump’s victory in the presidential election. Moreover, the growing interest in memecoins, although their market capitalization dropped by $40 billion in December, also contributed to the increase in crypto transaction volumes.
A Growing Popularity
DEX continue to gain popularity due to their ability to offer exchanges without intermediaries, thus reducing costs and increasing transparency. This trend is reinforced by constant innovation in the DeFi sector, with new platforms and features attracting more and more crypto users.
In summary, the record of $462 billion in monthly volume reached by DEX in December 2024 reflects the rapid growth and increased adoption of decentralized finance platforms. With leaders like Uniswap and PancakeSwap at the forefront, and the rise of DApps on blockchains like Solana, the future of DEX looks promising within the crypto ecosystem.
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Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
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