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Cryptopolitan 2024-12-31 13:04:28

DEXs break records with $463B in trading volume this December

This December, decentralized exchanges (DEXs) hit a record $463 billion in trading volume, a reflection of their popularity within the crypto world. Platforms like Uniswap, PancakeSwap, and Solana’s Raydium led the way as more people turned to DeFi for secure and direct trading without middlemen. DEXs hit record $463 billion in December trading This December, trading volumes on DEXs reached heights of $463 billion. The data tracked by Defillama shows how much decentralized trading platforms impact DeFi and the broader cryptocurrency space. Trading volume continued growing in the fourth quarter of 2024. In October, it reached $194.74 billion; in November, it reached $374 billion; and finally, it peaked in December. This is the continuation of a rise of DEXs to become the safest and most efficient method to trade directly with one another, excluding the middleman. The Solana blockchain network topped the list of DEX trading platforms with $115 billion in transactions. Coming in at second, Binance Smart Chain recorded the all-time highest traded volume of $98 billion. Ethereum-based DEXs had $88.47 billion in trades and remained a considerable contributor to the DeFi ecosystem. Of note, the Coinbase-backed Base network saw $52 billion in trading volume. Uniswap, PancakeSwap, and Raydium lead the way Uniswap was still at the top in the non-custodial individual platform leaderboard, with $106.4 billion over the month. PancakeSwap ranked second, racking up $96.4 billion in user trade activity. In third place was the Solana-based DEX, Raydium, which posted its best month as transaction volumes attained $58 billion. Next came Aerodrome at $31 billion and Orca at $22 billion in volume. The attractiveness of DEXs among investors stems from transparency, security, and accessibility. Besides, no intermediary makes it easier for users to keep control over assets, a very big advantage in an era of increasing concern for privacy and data security. While other areas appear promising for the immediate future, decentralized exchanges remain at the front lines as the most popular crypto offerings. $463 billion in trading volumes in December is a record-breaking month; it could also be an indicator of better performances once the pro-crypto Trump administration takes office. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

https://www.digistore24.com/redir/325658/ceobig/
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