In December, decentralized exchanges (DEXs) saw a significant increase in futures trading volume, reaching 10.17% of the volume seen on centralized exchanges (CEXs). This growth can be attributed to improvements in on-chain user experience and infrastructure and the adoption of platforms like Hyperliquid, Jupiter, ApeX, Satori Finance, and Drift. Hyperliquid led the pack, contributing 78.8% of the total DEX futures volume. Despite this growth, CEXs still dominate in overall trading volume, with Bitcoin futures totaling over $2.14 trillion and Ethereum futures reaching $1.28 trillion in December.



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