December DEX Trading Volume Hits $320.5 Billion, All-Time High

JOON HYOUNG LEE

Summary

This month's trading volume on Decentralized Exchanges (DEX) has surpassed $320.5 billion, exceeding $300 billion for the first time.
The spot trading volume on Centralized Exchanges (CEX) also reached $2.78 trillion, marking the highest since May 2021.
The Block reported that $950 billion worth of spot trading occurred on Binance alone.

This month's trading volume on Decentralized Exchanges (DEX) has surpassed $300 billion for the first time.

According to The Block on the 30th, the total trading volume of DEX this month was $320.5 billion (approximately 472 trillion KRW). This is the first time that DEX's monthly trading volume has exceeded $300 billion. The previous record was $299.6 billion, set last month.

This month's spot trading volume on Centralized Exchanges (CEX) also reached $2.78 trillion (approximately 4,097 trillion KRW), the highest in 3 years and 7 months since May 2021. Specifically, $950 billion worth of spot trading occurred on the cryptocurrency exchange Binance alone.

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