DEX market share surges to record high, outpacing centralized exchanges
Quick Take The monthly trade volume of DEXs relative to CEXs is already the highest it has ever been at 14.22%. The previous record high occurred in May 2023 at 13.7%.
The market share of decentralized exchanges (DEXs) compared to centralized exchanges (CEXs) has hit an all-time high.
According to The Block's Data Dashboard , the monthly trade volume of DEXs relative to CEXs is already at its highest ever, at 14.22%. The previous record high occurred in May 2023 at 13.7%.
DEX volume currently stands at $139.67 billion , though July's data remains incomplete as of publication. Uniswap brought in the most monthly trading volume at $48.52 billion, with Raydium entering second with $27.78 billion in July.
The DeFi data tracking platform DeFiLlama found that Uniswap is the largest DEX by total value locked (TVL) at $5.585 billion. Curve Finance maintains a $2.029 billion TVL, followed by PancakeSwap’s $1.825 billion and Raydium’s $1.259 billion.
According to The Block Prices, Uniswap's native token UNI traded at $7.77, having increased by 2.31% in the past 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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