Rewards Hub Decentralized exchange (DEX) trading volume decreased by 11.61% to $56.75 billion over the past week, according to Phoenix Group. This decline is part of a broader reduction in DEX activity, with November's total volume reaching $397.78 billion, the lowest since June, as per DeFiLlama data. Uniswap led the weekly trading with $13.92 billion, followed by PancakeSwap at $11.61 billion and Raydium at $3.60 billion.
Additionally, the DEX-to-centralized exchange (CEX) volume ratio fell to 11.46% in December, down from 15.73% in November, indicating a shift in trading preferences.
DEX Trading Volume Declines 11.61% to $56.75 Billion
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.