DEX Spot Trading Volume Surpasses 20% of CEX Volume In a significant milestone, Uniswap founder Hayden Adams shared data from Dune Analytics indicating that the ratio of spot trading volume on decentralized exchanges (DEXs) to that on centralized exchanges (CEXs) surpassed 20% in January. This represents an all-time high, showcasing the growing popularity and adoption of DEXs. The surge in DEX volume is attributed to several factors, including the increasing demand for non-custodial trading, the proliferation of decentralized finance (DeFi) applications, and the growing accessibility of user-friendly DEX interfaces.