PANews, November 5 news, according to The Block data, the spot trading volume of decentralized exchanges (DEX) has significantly increased compared to centralized exchanges (CEX) over the past few months. It climbed from about 10% in August this year to 22.53% in November, indicating substantial growth in DEX trading volume. Moreover, this growth has been even more pronounced in the past 30 days, with DEX trading volume surging by approximately 50%.
hitesh.eth stated that the appeal of traditional CEX platforms like Binance and Coinbase seems to be waning, in contrast, more users are beginning to turn to DEX, which could be an important signal for the development of decentralized finance (DeFi).