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.
Go to Source to See Full ArticleAuthor: Oluwapelumi Adejumo
