CandleFocus

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

Decentralized exchanges (dex) and decentralized perpetuals platforms in the decentralized finance (defi) space have seen a significant increase in trading volume, reaching $52.81 billion in the first four days of January 2025. This surge follows a successful month in December 2024, where dex trading volume reached $322.25 billion and decentralized perpetuals protocols amassed $369.4 billion in volume. Uniswap and Hyperliquid were the top players in this space, with Uniswap securing $9.48 billion and Hyperliquid achieving $10.75 billion in trading volume in the past four days. Other notable players include Raydium, Jupiter, and various decentralized perps platforms. Additionally, the total value of the crypto economy has climbed to $3.51 trillion, showing positive growth for the new year. The challenge now is to sustain this momentum throughout 2025.

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