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DEX Trading Volumes Explode – Are CEXes Losing Their Grip on Crypto?

2025-07-05 22:48:31

DEX Trading Volumes Explode – Are CEXes Losing Their Grip on Crypto?

Main Idea

In June, DEX trading volumes reached a historic peak, driven by growth in platforms like PancakeSwap and Hyperliquid, while CEX volumes remained flat, with hybrid CeDeFi platforms emerging as a trend.

Key Points

1. Total crypto market capitalization saw a modest 2.62% gain in June.

2. DEX spot trade volume hit a historic peak, more than doubling over the past year, while CEX volumes remained flat.

3. PancakeSwap's market share grew from 16% in April to 42% in June, driven by Alpha trading volume growth and the Infinity upgrade.

4. Hyperliquid's spot volume rose from $6 billion in January to nearly $10 billion, while Solana's PumpSwap maintained strong user engagement.

5. Hybrid CeDeFi platforms are emerging, combining CEX liquidity with on-chain settlement, offering low-slippage trading and MEV protection.

Description

In June, total crypto market capitalization posted a modest 2.62% gain, even as volatility stayed elevated due to increased geopolitical tensions in the Middle East. Investor anxiety over potential energy supply disruptions and growing regional instability led to persistent pressure on asset prices. Despite this, the DEX to CEX spot trade volume reached a historic peak of 27.9% in June. DEX Fever Hits June Over the past year, DEX trading volumes have more than doubled. This is in contrast with f...

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