Decentralized exchanges saw second-highest ever monthly volumes during December

DEX • January 4, 2021, 11:42AM EST

December closed out 2020 with the second-highest volume to date for decentralized exchanges, or DEXs, according to data compiled by The Block Research.

The total volume for decentralized exchanges in December was $23.3 billion — a 36.5% increase from November.

Uniswap held the highest percentage at 54.9%, followed by Sushiswap (13.2%) and Curve (10.8%). December represented the first time that SushiSwap overtook Curve in monthly volume.

September of this year saw the highest DEX volume recorded, coming in at $26.3 billion.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.