The share of DEX spot trading volume rose to 25% in May, a record high

Odaily News In May 2025, the spot trading volume of decentralized exchanges (DEX) rose to 25%, reaching a record high and coming close to the market share of centralized exchanges (CEX) for the first time. The total trading volume of DEX reached 410.2 billion USD, with PancakeSwap accounting for 171.6 billion USD, ranking first, followed closely by Aerodrome and PumpSwap, with monthly trading volumes approaching 15 billion USD. Hashed CEO Simon Kim stated that this is not just a change in shares, but a sign that the market is shifting from Centralization to Decentralization. He predicts that DEX will surpass CEX by 2028 and achieve dominance by 2030. Kim emphasized that the growth of DEX is due to the meme coin craze, the lowering of wallet usage thresholds, and the decreasing trust users have in CEX, stating, "DEX is the true embodiment of the spirit of blockchain." (The Block)