Odaily Planet Daily News In May 2025, the spot trading volume of decentralized exchanges (DEX) rose to 25%, a record high, approaching the market share of centralized exchanges (CEX) for the first time. The total trading volume of DEX reached 410.2 billion US dollars, of which PancakeSwap accounted for 171.6 billion US dollars, ranking first, followed by Aerodrome and PumpSwap, with monthly trading volumes approaching 15 billion US dollars.
Hashed CEO Simon Kim said that this is not only a change in share, but also a sign that the market is shifting from centralization to decentralization. He expects DEX to surpass CEX in 2028 and achieve dominance in 2030. Kim emphasized that the growth of DEX is due to the meme coin craze, the lower threshold for wallet use, and the reduction of user trust in CEX. "DEX is the true embodiment of the blockchain spirit." (The Block)