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

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. That gap pushed DEXs to a record 19.5% share of combined spot volume. Venue type July spot [ ]