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Blockchain trading hit a major milestone in 2025—and the real story isn't just the numbers, it's what they reveal about market maturity.
The landscape shows decisive growth across multiple dimensions. Total trading volume reached $34T throughout the year, with spot markets commanding $7.1T of the action. Daily spot volume climbed 18% year-over-year, signaling sustained momentum even as the space matures. Cumulatively, the ecosystem has processed $145T in trading volume—a figure that underscores the scale at which decentralized and centralized exchanges now operate.
What stands out: this expansion didn't sacrifice infrastructure. Growing liquidity was matched by stronger user protections. Rewards flowed back to participants, creating a flywheel where scale and community incentives reinforced each other. The pattern is unmistakable—the market isn't just getting bigger, it's getting smarter about managing growth.