DEX market share surges to record high, outpacing centralized exchanges

According to The Block’s Data Dashboard, the monthly trade volume of DEXs relative to CEXs is already at its highest ever, at 14.22%. The previous record high occurred in May 2023 at 13.7%.

DEX volume currently stands at $139.67 billion, though July’s data remains incomplete as of publication. Uniswap brought in the most monthly trading volume at $48.52 billion, with Raydium entering second with $27.78 billion in July.

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