DEXs capture record 24% of spot crypto trading as CEX volumes sink
The Block·
60-second summary
Spot exchange volumes are plummeting, on track to set a new 12-month low at $670 million, a drastic drop from the annual high of $2.23 trillion. Centralized exchanges (CEXs) are shouldering the decline, while decentralized exchanges (DEXs) capture a record 24% of spot crypto trading, a significant shift in market dynamics that may reshape industry landscape.
Spot exchange volume is on track to set a new 12-month low at $670 million, down from its annual high of $2.23 trillion.