Report: Cryptocurrency decentralized exchange (DEX) trading volume hits record high in second quarter
2025-07-21 22:59:15
According to CoinGecko's second quarter report, decentralized exchanges (DEXs) have reached a record level of market share relative to centralized exchanges (CEXs) in terms of spot cryptocurrency trading volume. Binance maintained its position as the top market share of centralized exchanges despite a sharp decline in trading volume, while Crypto.com and Coinbase also saw their share decline. DEX perpetual contract trading volume also reached a new high, with Hyperliquid dominating the market. The report noted that decentralized exchange (DEX) spot trading volume soared to $876.30 billion, an increase of more than 25% from the previous quarter.
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