According to the latest on-chain data, monthly trading volumes on decentralized exchanges (DEXes) have reached new all-time highs.
According to blockchain data aggregator DefiLlama, DEX volume was $422 billion in December, the highest volume ever recorded.
According to DefiLlama, the month of November was also an all-time high.
Uniswap, the largest DEX on Ethereum (ETH), recorded the largest volume, while Raydium (RAY), the largest DEX on Solana, took second place.
Most other chains have seen an increase in volume, and DeFI as a sector is growing, possibly fueled by President-elect Donald Trump, who has reportedly given his stamp of approval to the sector with the launch of his own platform – World Liberty Financial (WLFI). .
The new president’s project says that his main task is to spread stablecoins pegged to the US dollar and the concept of DeFi around the world.
According to World Liberty Financial, stablecoins are the core of DeFi, and their goal is to ensure that US dollar-pegged crypto assets remain the global settlement layer for DeFi protocols for the foreseeable future.
“By distributing US-pegged stablecoins worldwide, we are ensuring…
