In December, decentralized exchanges (DEXs) noticed a major enhance in futures buying and selling quantity, reaching a file 10.17% of quantity on centralized exchanges (CEXs). This enhance is available in view of the numerous enhancements in person expertise and infrastructure within the chain in recent times.
The rise in DEX futures buying and selling can be attributed to the rising adoption of platforms akin to Hyperliquid, Jupiter, ApeX, Satori Finance and Drift, which have persistently grown in latest months.
Remarkably, these platforms grew by a median of 26.5% per 30 days in 2024. In December, whole buying and selling quantity on decentralized exchanges (DEXs) reached $285 billion, pushed by the robust progress of some main platforms.
Hyperliquid led the pack by contributing a whopping 78.8% of whole DEX futures quantity. In December alone, Hyperliquid recorded greater than $225 million in month-to-month quantity, whereas different platforms akin to Jupiter, ApeX, Satori Finance and Drift accounted for smaller parts. After Hyperliquid, Jupiter captured 9.8% of the market and traded over $28 million in December.
Whereas DEX futures buying and selling is rising, centralized exchanges (CEXs) nonetheless dominate when it comes to general quantity. In December, Bitcoin futures on CEXs totaled greater than $2.14 trillion, and Ethereum futures totaled $1.28 trillion. Nonetheless, Bitcoin futures volumes on CEXs fell 17% in comparison with November, and Ethereum volumes remained secure. This exhibits that whereas DEXs are gaining market share, CEXs nonetheless have a lot greater buying and selling volumes.
In December, centralized exchanges (CEXs) led with Bitcoin futures at $2.14 trillion and Ethereum futures at $1.28 trillion. Regardless of this, decentralized exchanges (DEXs) are steadily rising their market share.