In June, decentralized exchanges (DEX) saw record-high trading volumes, while centralized exchanges (CEX) struggled with flat growth. PancakeSwap led the charge, capturing 42% of the DEX market share. Hybrid CeDeFi platforms are narrowing the gap between centralized and decentralized trading.
- PancakeSwap's market share surged from 16% to 42% in June due to Alpha trading and the Infinity upgrade.
- Hybrid CeDeFi platforms combine CEX liquidity with on-chain settlement, offering low slippage and MEV protection.
- DEX volumes doubled in a year, while CEX volumes remained flat, signaling a shift in trader preferences.
📎 Related coverage from: cryptopotato.com
