#CEXvsDEX101 Market Dynamics of CEX and DEX

• In January 2025, the share of spot trading volumes on DEX reached ~16%, while in January 2024 it was around 9.4%, indicating a significant increase in the popularity of decentralized trading. This is confirmed by data from DefiLlama, where Uniswap is the leader.

• At the same time, analysts note that according to The Block, the share of DEX was at ~7% and previously reached a peak of ~14.5% in May 2023.