DEX: the DEX–CEX ratio at all-time highs
The ratio between spot volumes DEX and CEX has reached the all-time high of 27.9%. PancakeSwap is the leader, increasing its share from 16% to 42% thanks to the Infinity upgrade.
The CeDeFi solutions, which combine the liquidity of CEX with on-chain execution, are accelerating the growth of DEX.
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