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DEXs accounted for a record 24% of total crypto spot trading volume in July, according to data from The Block and DeFiLlama cited by Unfolded. Over the same period, trading volume on centralized exchanges declined.
Unfolded said the DEX share of spot trading has risen steadily for years, with the trend accelerating since mid-2024. It added in English, “If it is simply DEX dominance rising because overall crypto market volumes are shrinking, perhaps this trend is less meaningful than it appears.”