According to @AltcoinGordon, decentralized exchanges (DEXs) recorded a total trading volume of $474 billion in May 2025, marking the second highest monthly figure on record. This surge reflects increasing user participation and liquidity in decentralized finance (DeFi), indicating strong bullish sentiment and robust on-chain activity. Traders should note that the sustained growth in DEX volume often correlates with heightened volatility and new opportunities across altcoins and DeFi tokens, making active market monitoring essential (source: https://twitter.com/AltcoinGordon/status/1929091825819627995).