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Decentralized exchanges (DEXs) processed nearly 30% of centralized exchange (CEX) spot trading volume in June, marking a new all-time high. Despite a 12% monthly decline, DEXs outperformed CEXs, which saw a steeper 30% drop. This shift highlights growing trader preference for on-chain platforms.
- DEXs processed $385B in June, capturing 28.4% of CEX spot volume—a new record.
- Top DEXs (Uniswap, PancakeSwap) saw <10% monthly decline vs. CEXs’ ~30% drop.
- Analysts note 'smart money' drives on-chain trading, turning CEXs into exit liquidity.
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