DEX trading volume increased by 50% in the past 30 days, and the DEX/CEX spot trading ratio hit a record high

11-05

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PANews reported on November 5 that, according to data from The Block, the ratio of spot trading volume between decentralized exchanges (DEXs) and centralized exchanges (CEXs) has increased significantly in the past few months. It has risen from around 10% in August this year to 22.53% in November, indicating a substantial growth in DEX trading volume. Moreover, this growth has been more pronounced in the past 30 days, with DEX trading volume surging by about 50%.

hitesh.eth said that the appeal of traditional CEX platforms like Binance and Coinbase seems to be waning, and in contrast, more users are starting to turn to DEXs, which could be an important signal for the development of decentralized finance (DeFi).

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DeFi

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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