“In December, the total volume of trades on decentralized exchanges reached a record level of $463 billion. Graph of monthly capitalization of DEX. Source: DeFi Llama. The leader among platforms was Uniswap with an indicator of $106.4 billion. In second place is Pancake Swap with $96.4 billion, in third place is Raydium with $58 billion. Top 10 DEXs by trading volume. Source: DeFi Llama. According to data from The Block, during the same period, the spot trading volume on centralized platforms reached […]”, — write: businessua.com.ua
In December, the total volume of trades on decentralized exchanges reached a record level of $463 billion.
Graph of monthly capitalization of DEX. Source: DeFi Llama.
Leader among platforms became Uniswap with an indicator of $106.4 billion. In second place is Pancake Swap with $96.4 billion, in third place is Raydium with $58 billion.
Top 10 DEXs by trading volume. Source: DeFi Llama.
According to data from The Block, over the same period, the spot trading volume on centralized platforms reached a three-year high of $2.78 trillion. About $950 billion of them went to the Binance exchange.
“A sharp increase in volumes DEX and CEX reflects a resurgence of activity in the cryptocurrency market driven by recent increases in volatility, growing confidence in DeFi ecosystems, and improved liquidity and trading tools on centralized exchanges,” said Neil Wen of Kronos Research.
It will be recalled that in December, the leading OTC platforms reported increased trading volumes, which almost reached the level of 2021.
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