Decentralized exchanges saw second-highest ever monthly volumes during December

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 is a reporter for The Block covering NFTs, blockchain-based gaming and cybercrime. MK holds a graduate degree from New York University's Science, Health, and Environmental Reporting Program (SHERP).