Hashflow Releases December HashBeats Report
Hashflow Releases December HashBeats Report
📊 HashBeats December Drop
Hashflow published its latest HashBeats report covering recent developments in the multi-chain DEX ecosystem.
The report provides updates on:
- Platform performance across supported chains
- Trading metrics and user activity
- Recent protocol developments
Hashflow continues operating as a slippage-free DEX across major blockchains including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, and Polygon.
USDC Trading Surges Past BTC as Market Structure Shifts
**USDC trading volumes overtook BTC** as the dominant venue this week, marking a significant shift in market structure. **Key Trading Metrics:** - USDCUSDT emerged as largest venue with P95 at 678.7k - BTCUSDC/USDT dropped to second place at 164.6k P95 - ETHUSDC/USDT remained smallest at 25.7k P95 **Notable Changes:** - USDC volumes increased dramatically from previous weeks - BTC maintained strong position but lost top spot - ETH trading stayed consistent at lower levels The **tiered structure** shows most activity still concentrated in smaller trades, with median sizes ranging from 1.3k to 3.0k across pairs.
Jupiter Maintains DEX Aggregator Lead as Wowmax Exchange Posts Major Growth
**Jupiter continues its dominance** in the DEX aggregator space, leading weekly trading volume for another consecutive period. **Top performers by volume:** - Jupiter holds the #1 position - CowSwap secures second place - OKX Dex rounds out the top three **Biggest growth winners** this week include: - Wowmax Exchange posting standout gains - Navi Protocol showing strong expansion - Bluefin delivering notable week-over-week increases The aggregator landscape shows **consistent leadership** from established players while newer protocols demonstrate significant momentum in trading activity.
Hashflow Volume Drops to $36M as Trading Activity Stabilizes
**Hashflow's weekly trading volume fell to $36M** as the platform focused on system refinements rather than growth. The DEX maintained **1,600+ active traders** with more balanced trade sizes across stables, ETH, and BTC pairs. This consistency allowed market makers to calibrate more effectively. **Key Trading Metrics:** - BTCUSDC/USDT: P95 at $139.6k, P50 at $7.4k - USDCUSDT: P95 at $75.6k, P50 at $3.0k - ETHUSDC/USDT: P95 at $32.9k, P50 at $0.878k **Aggregator Rankings:** - Jupiter Exchange leads weekly volume - CoWSwap and OKX follow - Biggest growth from WowmaxExchange, Navi Protocol, and Bluefin The data shows **small trades dominate the market**, with larger transactions concentrated in BTC pairs. Hashflow positioned this quieter week as foundational work for more durable future flow. [Read the full report](https://news.hashflow.com/hashbeats-november-21-2/)