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Nearly 1 in 5 crypto spot trades now happen on DEXs as centralized exchange volume collapses

Nearly 1 in 5 crypto spot trades now happen on DEXs as centralized exchange volume collapsesWorldPing

Centralized crypto exchanges lost 31.2% of their spot crypto trading volume in July, falling to $727 billion and marking the lowest monthly total since October 2023. Decentralized exchanges also lost volume, but only 9.82%, settling at $176 billion.

This is a short WorldPing brief. The full report was published by CryptoSlate.

Read the full report at CryptoSlate

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Brief by WorldPing · Original reporting by Cointelegraph