DEX's Hit Record was $463 billion in trading volume in December

According to DefiLlama data, decentralized exchanges (DEXs) significantly increased in December, reaching an all-time monthly trading volume of $463 billion.

This milestone shows DeFi's continuous growth, which was consistent throughout the year's fourth quarter.

According to DefiLlama, trading volumes increased significantly in Q4, beginning with $194.74 billion in October and $374 billion in November before reaching a record-breaking level in December.

Solana emerged as the top blockchain for DEX trading, processing $115 billion in transactions. Binance Smart Chain (BSC) followed closely with $98 billion, its largest monthly volume.

Ethereum-based DEXs processed $88.47 billion, while the Coinbase-backed Base network saw $52 billion in deals.

Meanwhile, Arbitrum, an Ethereum layer-2 network, processed $33.8 billion in trading volume, cementing its position as a key player in the DeFi ecosystem.

Uniswap remained the biggest DEX, with $106.4 billion in trading volume during the past month.

PancakeSwap came in second with $96.4 billion in activity, while Raydium, Solana's most prominent decentralized exchange, finished third with $58 billion in trades.

The top five are completed with Aerodrome and Orca, which processed $31.03 billion and $22.8 billion in trades, respectively.