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BTCC / BTCC Square / Global Cryptocurrency /
DEXs Break Records with $463B in Trading Volume in December

DEXs Break Records with $463B in Trading Volume in December

Author:
Global Cryptocurrency
Published:
2024-12-31 21:14:40
17
2
This December, decentralized exchanges (DEXs) saw a record-breaking trading volume of $463 billion. Platforms such as Uniswap, PancakeSwap, and Solana’s Raydium led the way, attracting more users to decentralized finance (DeFi) for secure and direct trading without middlemen. The Solana blockchain network topped the list of DEX trading platforms with $115 billion in transactions. The data tracked by Defillama highlights the significant impact of decentralized trading platforms on DeFi and the broader cryptocurrency space. Trading volume continued to grow throughout the fourth quarter of 2024, peaking in December after reaching $194.74 billion in October and $374 billion in November.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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