- Monthly volume across all DEXs hit a new record high.
- In total DEXs set a record of $562.7 billion in January 2025.
- This shows the growing expectation for the peak of the altseason to arrive this bull cycle.
The monthly volume across all DEXs has hit a new record high of $562.7 billion in January 2025. This showcases the popularity of decentralized exchanges (DEXs) this cycle, a sign that more users are getting comfortable with blockchain technology and prefer non-custodial wallets over the custodial wallets of centralized exchanges (CEXs).
Monthly Volume Across All DEXs Hit a Record High
The popularity of DEXs is also a sign that users understand the volatile and exponential pump potential of low-cap altcoins. These assets tend to pump parabolically before being listed on centralized exchanges. Many new projects are listed on DEXs first to show the strength of their crypto community before CEXs agree to list them.
$562.7 Billion High Set in January 2025 Across All DEXs
With a record high such as this, it is solid proof of the growing interest and potential of capable and promising altcoins in this bull cycle. With the peak of the altseason yet to arrive and with Q1 being the highly-anticipated window for it to arrive and send altcoins in a frenzy of setting a string of new ATHs this is not surprising.
January 2025 saw a new record in volume across all DEXs. So far, every Q1 following a Bitcoin Halving year has ushered in the peak phase of that bull cycle’s altseason. It seems the same sentiments are high now as analysts and traders await a bullish pump for altcoins across the board especially for low-cap altcoins listed only on DEXs.
