According to news on December 21, according to data from The Block Research, the trading volume of decentralized exchanges (DEX) reached US$300 billion in November, exceeding the previous cycle high of US$260 billion set in May 2021. The trading volume ratio of DEX to CEX continues to trend upward, reaching 11% in November, up from 9.3% at the beginning of 2024 and 0.04% at the beginning of 2020.