DEX Trading Volumes Explode – Are CEXes Losing Their Grip on Crypto?
In June, total crypto market capitalization posted a modest 2.62% gain, even as volatility stayed elevated due to increased geopolitical tensions in the Middle East. Investor anxiety over potential energy supply disruptions and growing regional instability led to persistent pressure on asset prices.
Despite this, the DEX to CEX spot trade volume reached a historic peak of 27.9% in June.
DEX Fever Hits June
Over the past year, DEX trading volumes have more than doubled. This is in contrast with flat volumes on CEX platforms, according to the latest Binance Research report shared with CryptoPotato.
In fact, PancakeSwap led DEX market share growth as it climbed from 16% in April to 42% in June, driven by Alpha trading volume growth and the…
