According to The Block, DEX spot trading volume rose to a record high of 24% in July, up from 17% a year earlier, while centralized exchange spot trading volume is expected to fall to a 12-month low, dropping from a yearly high of $2.23 trillion to $670 billion.
July DEX spot volume reaches a 24% record high, while CEX volume drops to a 12-month low.
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Summary
In July, DEX trading volume reached a record 24%, up from 17% a year ago, according to AiCoin data cited by The Block. Trading volume on centralized exchanges fell to a 12-month low, dropping from $2.23 trillion to $670 billion. This shift reflects changing user preferences in the distribution of trading volume.
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