tl;dr
According to data from DefiLlama, decentralized exchanges (DEXs) achieved a record monthly trading volume of $463 billion in December. The DeFi sector demonstrated consistent growth throughout the last quarter of the year, with trading volumes steadily increasing from $194.74 billion in October to $...
DEXs achieve record $463 billion trading volume in December: DefiLlama data reveals unprecedented surge in decentralized exchange trading, with Solana leading the blockchain activity.
According to data from DefiLlama, decentralized exchanges (DEXs) achieved a record monthly trading volume of $463 billion in December. The DeFi sector demonstrated consistent growth throughout the last quarter of the year, with trading volumes steadily increasing from $194.74 billion in October to $374 billion in November before reaching the all-time high in December. Solana led the blockchain platforms with $115 billion in transactions, followed by Binance Smart Chain with $98 billion. Ethereum-based DEXs processed $88.47 billion, and the Coinbase-backed Base network recorded $52 billion in trades. Additionally, Arbitrum, an Ethereum layer-2 network, facilitated $33.8 billion in trading volume, reinforcing its significance in the DeFi ecosystem. Uniswap topped the list of individual platforms with $106.4 billion in trading volume, followed by PancakeSwap with $96.4 billion and Raydium with $58 billion. Aerodrome and Orca completed the top five with $31.03 billion and $22.8 billion in trades, respectively.
According to data from DefiLlama, decentralized exchanges (DEXs) experienced a remarkable surge in December, achieving an all-time high monthly trading volume of $463 billion. This milestone reflects continued growth in DeFi, which has maintained consistent momentum throughout the last quarter of the year. DefiLlama reports that trading volumes steadily climbed during Q4, starting with $194.74 billion in October and $374 billion in November before hitting December’s record-breaking figure. Solana emerged as the leading blockchain for DEX trading activity, handling $115 billion in transactions. Binance Smart Chain (BSC) followed closely with $98 billion, marking its highest monthly volume. Ethereum-based DEXs processed $88.47 billion, while the Coinbase-backed Base network recorded $52 billion in trades. Meanwhile, Arbitrum, an Ethereum layer-2 network, facilitated $33.8 billion in trading volume, further solidifying its position as a significant player in the DeFi ecosystem. Among individual platforms, Uniswap retained its position as the leading DEX, recording $106.4 billion in trading volume over the past month. PancakeSwap ranked second with $96.4 billion in activity, while Raydium —Solana’s most prominent decentralized exchange—secured third place with $58 billion in transactions. The top five are completed with Aerodrome and Orca, which processed $31.03 billion and $22.8 billion in trades, respectively.