#CEXvsDEX101 Main

• Hyperliquid DEX nearly lost $230 million due to manipulation with the JellyJelly token — this raised questions about the security of DEX.

• Traders are switching to DEX for greater control, no KYC, and higher security. Volumes on DEX account for up to 15% of the total market.

• CEX+DEX hybrids (for example, MEXC DEX+) combine the convenience of centralization with decentralized features.

• Binance has integrated DEX into its wallet — trading without withdrawing assets from the exchange.