The market has been a bit quiet recently, with the total CEX trading volume in December dropping to $1.13 trillion, the lowest level in the past 15 months. Compared to November, it decreased by 32%, and compared to October, it was halved, with a quite sharp decline.

On the exchange side, leading institutions still hold the top position. Binance's trading volume remains far ahead, reaching $367.35 billion in a single month. Although a few other exchanges have seen some decline, the overall landscape remains unchanged. Many speculate that this drop might be due to year-end effects, with traders generally reducing their positions and adjusting their pace, leading to a convergence in market volatility.

The situation on the DEX side isn't much better, with monthly trading volume falling to $245 billion. It seems the entire market has entered a "resting mode"—trading volume shrinks, and participants choose to observe. This phenomenon is not unusual at the end of the year, as everyone is reassessing strategies and planning for the new year.