PANews reported on December 30 that according to Cointelegraph, DefiLlama data showed that decentralized exchanges (DEX) hit a record high in December, with monthly trading volume soaring to $462 billion. Uniswap is still the DEX with the largest trading volume, with a trading volume of $106.41 billion in the past 30 days. PancakeSwap ranked second with a monthly trading volume of $96.42 billion. Raydium, the largest DEX in the Solana ecosystem, ranked third, with a trading volume of $58 billion in the past 30 days. Aerodrome and Orca ranked fourth and fifth, respectively. Aerodrome's trading volume was $31 billion, while Orca's trading volume reached $22 billion. The total trading volume of Lifinity, Curve Finance, and Hyperliquid was $43.6 billion.
While DeFi trading volume climbed, the meme coin market experienced a sharp correction in December. CoinMarketCap data shows that the overall market value of meme coins soared in early December and then experienced a sharp correction. On December 9, the market value of meme coins peaked at $137 billion. However, on December 23, the total market value of meme coins fell by $45 billion to $92 billion. As of this writing, the total market value of meme coins is $95 billion, 20% lower than its market value on December 1.
