Nearly 1 in 5 crypto spot trades now happen on DEXs as centralized exchange volume collapses
Centralized crypto exchanges lost 31.2% of their spot crypto trading volume in July, falling to $727 billion and marking the lowest monthly total since October 2023. Decentralized exchanges also lost volume, but only 9.82%, settling at $176 billion. That gap pushed DEXs to a record 19.5% share of combined spot volume. Venue type July spot […] The post Nearly 1 in 5 crypto spot trades now happen on DEXs as centralized exchange volume collapses appeared first on CryptoSlate.
Key Takeaways
- Centralized crypto exchanges lost 31.2% of their spot crypto trading volume in July, falling to $727 billion and marking the lowest monthly total since October 2023.
- Decentralized exchanges also lost volume, but only 9.82%, settling at $176 billion.
- That gap pushed DEXs to a record 19.5% share of combined spot volume.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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