DEX-to-CEX ratio hits new high as crypto traders flee centralization

Despite the rising DEX-to-CEX ratio, centralized exchanges still lead in the crypto spot market, posting $3. 9 trillion in trading volume, compared to $877 billion for DEXs. source: https://cointelegraph.com/news/dex-volumes-hit-record-q2-2025-pancakeswap-hyperliquid-lead?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound