#CEXvsDEX101 Interestingly, although CEXs handle more volume, DEXs have grown by more than 400% since 2020. Furthermore, most of the major hacks in crypto have occurred in CEXs, not in DEXs. However, DEXs are not without risks, such as "impermanent loss" in liquidity pools.

Both have advantages: CEXs are more convenient and faster, while DEXs offer more freedom and security if you know how to use them properly.