DEX/CEX Ratio Hits 27.9%—Is Onchain Liquidity Taking Over?
📊 The ratio of spot trading volume between Decentralized Exchanges (DEXs) and Centralized Exchanges (CEXs) has reached a record high of 27.9%, signaling a major shift in trader behavior. Platforms like PancakeSwap and Hyperliquid are leading the charge, with DEX volumes more than doubling in the past 12 months, while CEX volumes remain flat.
💬 “This isn’t just a trend—it’s a structural transformation,” said analysts at Gate Square.
The rise of CeDeFi hybrids, combining CEX liquidity with DEX execution, is accelerating adoption. Traders are flocking to DEXs for early token access, low slippage, and MEV protection.
📈 PancakeSwap jumped from 16% to 42% market share in Q2, while Hyperliquid hit $10B in monthly spot volume, confirming its place among top performers.
📊 Key metrics:
- DEX/CEX spot ratio: 27.9%
- PancakeSwap market share: 42%
- Hyperliquid spot volume: $10B
- DEX growth YoY: +112%
- CEX volume: flat since Q3 2024
Why it matters:
✅ Traders are prioritizing transparency, speed, and permissionless access
✅ Onchain liquidity is becoming more resilient than centralized alternatives
✅ Hybrid platforms may define the future of crypto trading
🧠 Will DEXs flip CEXs by year-end—or will regulation slow the momentum?
👇 Are you trading onchain or still relying on centralized platforms?
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DEXvsCEX #OnchainLiquidity #CryptoTrends #DeFiMomentum #PancakeSwap
