Decentralized exchanges (DEXs) are gaining significant traction in the cryptocurrency market. Recent data from The Block indicates a record-breaking surge in DEX spot trading volume, now accounting for 8% of the total spot trading volume when compared to centralized exchanges (CEXs). This all-time high represents substantial growth compared to the 6.84% recorded last month and the 4.78% observed during the same period last year. This increase reflects growing user confidence and adoption of decentralized platforms. Analysts attribute this surge, in part, to the rapid expansion of innovative decentralized perpetual futures exchanges like Hyperliquid (HYPE). These platforms offer unique features and incentives, attracting users seeking alternatives to traditional centralized exchanges and driving demand for DEX trading. The increasing percentage highlights a shift toward greater decentralization in the crypto space. ```