DEX futures contract volume as a percentage of CEX volume hit an all-time high in December at 10.17 per cent, a recent all-time high. The increase can be attributed to increased adoption of platforms such as Hyperliquid, Jupiter, ApeX, Satori Finance and Drift, which have been growing in recent months. The total volume of these DEXs will increase by an average of 26.5% per month throughout 2024. By December, the cumulative volume reached $285 billion. Hyperliquid became the dominant player, accounting for 78.8% of the total DEX volume, with monthly volume exceeding $225 million in December. Hyperliquid was followed by Jupiter, with 9.8% of the market share, and December volume exceeded $28 million.