While the trading volumes of centralized exchanges are hovering at the lowest levels in history, the situation is almost exactly the opposite in DEX, i.e. decentralized exchanges. The figures show that the transaction volume ratio of DEXs relative to CEX is ATH.

the static movement of prices in recent months has also reduced trading volumes to historic levels. However, in decentralized stock exchanges, it is noteworthy that the opposite situation is in question.

According to The Block's research, the 7-day moving average of the trading volumes of centralized exchanges fell to the lowest level of the year this week, while the figure for decentralized exchanges, known as DEX's, is at the levels of April. The Block's graph, which examines the volume of DEXs compared to CEXs, reached an all-time high with 20%.

Have they been slow on meme coins?

Experts point to the fact that central exchanges are slow to list meme coins such as PEPE, WOJAK and ORDI as the reason for the prominence of DEXs in particular during this period. The great center of interest that formed in April had not attracted the attention of the stock exchanges. While Binance recently listed PEPE, it has not taken action on other coins. Coinbase also stayed away from this madness by not listing any meme coins again.

This silence has enabled traders to flock to decentralized exchanges. Especially on May 5, the volume of PEPE alone managed to exceed $ 600 million in Ethereum-based DEXs. #crypto2023 #Meme #pepe #BTC #Binance