The trading market share on decentralized exchanges (DEX) is setting a new historical milestone. According to data from The Block, in May 2025, the spot volume on DEX accounted for 25% of total global trading, equivalent to $410.2 billion. This figure far exceeds the previous record of 20% set in January, demonstrating the rapid growth rate of the decentralized model.
Leading the race is PancakeSwap with $171.6 billion, followed by Aerodrome and PumpSwap – each platform registering nearly $15 billion.
Not just market share, but a new financial model
Mr. Simon Kim, CEO of the Hashed investment fund, affirmed that this is not just a shift in numbers, but a profound model transformation: from trust-based trading to code-based and automation.
According to him, #DEX today no longer serves as testing tools in the DeFi ecosystem, but has become the core infrastructure of blockchain finance. The three outstanding advantages of DEX emphasized by Mr. Kim include:
Interoperability: Protocols can be flexibly integrated.
Freedom of creativity: No need for permission, no censorship.
Cross-chain interoperability: Seamless multi-chain trading.
The memecoin wave also contributes to strong growth for DEX. Tokens like $PEPE , $WIF , or $BONK all started from DEX before appearing on centralized exchanges. This has caused capital and traffic to flow into DEX, especially as the personal wallet experience has significantly improved, making it easier for the average user to access.
2028: DEX surpasses#CEX ?
Based on current trends, Mr. Kim made a bold prediction:
“DEX will surpass CEX in trading volume by 2028, and will become the dominant trading form by 2030.”
According to him, DEX is the clearest embodiment of the original blockchain spirit: transparency, immutability, and censorship-resistance – values that CEX has yet to fully achieve due to ties with traditional finance.
He concluded:
“If CEX is still a shadow of the past, then DEX is the real future. The milestone of 25% is not the destination, but a prophecy for a new financial generation – where there is no need for gatekeepers.”
Connect with crypto and Binance users:
With this growth momentum, users on platforms like Binance need to closely monitor DEX trends, as capital flow and liquidity are gradually shifting. Integrating additional DeFi protocols or supporting cross-chain trading will be an important competitive advantage for centralized exchanges if they do not want to be surpassed by DEX.
⚠️ Risk warning: The crypto market is always highly volatile and contains many risks. This article is not investment advice. Please research and consider carefully before making any financial decisions.