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Home»ALTCOIN NEWS»December Decentralized Exchange Trading Volume Hits All-Time High of $478.838 Million: On-Chain Data
ALTCOIN NEWS

December Decentralized Exchange Trading Volume Hits All-Time High of $478.838 Million: On-Chain Data

By Crypto FlexsJanuary 2, 20252 Mins Read
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December Decentralized Exchange Trading Volume Hits All-Time High of 8.838 Million: On-Chain Data
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Monthly trading volume on decentralized exchanges (DEXs) has hit an all-time high, according to the latest on-chain data.

DEX trading volume in December hit a record high of $422 billion, according to blockchain data aggregator DefiLlama.

The month of November also hit an all-time high, according to DefiLlama.

Source: DefiLlama

Uniswap, the largest DEX for Ethereum (ETH), recorded the highest trading volume, and Radium (RAY), the largest DEX for Solana, took second place.

Most other chains have seen increased transaction volumes and DeFI as a sector is growing. Perhaps it has received a boost from President-elect Donald Trump, who has ostensibly given his stamp of approval to the sector by launching his own platform, World Liberty Financial (WLFI). .

According to the president-elect’s project, its main mission is to spread the concept of stablecoins and DeFi around the world pegged to the US dollar.

According to World Liberty Financial, stablecoins are at the heart of DeFi, and the goal is to ensure that crypto assets pegged to the U.S. dollar will remain the global payment layer for DeFi protocols for the foreseeable future.

“By spreading U.S.-pegged stablecoins around the world, we ensure the continued dominance of the U.S. dollar and secure America’s financial leadership and influence on the world stage.”

World Liberty Financial is working closely with cybersecurity experts and DeFi lending platform Aave (AAVE) to achieve its vision.

According to blockchain “de-anonymization” service Arkham, the World Liberty Financial project held more than $50 million in cryptocurrency assets as of last month.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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