This article discusses how centralized exchanges actively embrace decentralized finance (DeFi) by leveraging their distribution advantages.

Background Information:
In recent years, centralized exchanges have been migrating their businesses on-chain, using their large user bases to drive the development of DeFi.

Main Cases:
1. Bybit launched the decentralized exchange Byreal based on Solana, combining the yield product Revive Vault and the token issuance platform Reset Launch to achieve a blend of on-chain trading and centralized exchange liquidity.
2. Coinbase announced the direct integration of the DEX on the Base chain into its exchange, supporting gas-free trading and driving a 52% increase in the price of the Base chain's largest DEX token, AERO.
3. Binance promotes the adoption of its wallet and the development of the BNB chain ecosystem through Alpha activities, utilizing PancakeSwap to support on-chain trading and significantly increasing trading volume.

Significance and Impact:
These cases indicate that the DeFi ecosystem has matured and become secure, allowing centralized exchanges to integrate DeFi infrastructure within a compliance framework, thereby driving more funds into the on-chain economy.

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