In May 2025, the market share of spot trading on decentralized exchanges (DEX) reached a historic milestone of 25% of the total global trading volume, equivalent to $410.2 billion – far exceeding the previous record of 20% in January. Leading the way is PancakeSwap with $171.6 billion, followed by Aerodrome and PumpSwap.
According to Mr. Simon Kim, CEO of Hashed fund, this growth is not just a number, but a shift from a trust-based trading model to a code-based model that emphasizes open source and automation. DEX has become the core infrastructure of blockchain finance with three main advantages: flexible integration, creative freedom, and cross-chain interoperability.
The memecoin wave ($PEPE, $WIF, $BONK) is also driving the development of DEX as most of these tokens started on DEX before moving to CEX. Along with improved personal wallet experiences, users are becoming increasingly more accessible.
Mr. Kim predicts that DEX will surpass CEX by 2028 and become the dominant trading method by 2030. DEX is seen as the true embodiment of the spirit of blockchain: transparent, immutable, and uncensored.
For Binance users, this trend is an important signal. The integration of DeFi protocols and support for cross-chain will be key factors in helping CEX maintain its position in the future.
⚠️ Risk Warning: Crypto is always highly volatile and carries risks. This is not investment advice.
