The monthly trading volume of DEX has reached 14.22% of CEX, setting a new historical high in market share

Decentralized exchanges (DEX) have reached a historic high in market share. The Block's data dashboard shows that DEX's monthly trading volume relative to centralized exchanges (CEX) has reached 14.22%, breaking the record of 13.7% on May 2023.

Currently, the trading volume of DEX is $1396.7 billion, with Uniswap leading at $48.52 billion in monthly trading volume, followed by Raydium at $27.78 billion. Data from DeFi tracking platform DeFiLlama shows that Uniswap has the largest TVL (Total Value Locked) among DEXs, reaching $5.585 billion; Curve Finance is at $2.029 billion, PancakeSwap is at $1.825 billion and Raydium is at $1.259 billion.