According to Foresight News, data from The Block indicates that the proportion of spot trading volume on decentralized exchanges (DEX) relative to centralized exchanges (CEX) reached a historic high of 14.55% in July.

This milestone highlights the growing preference for decentralized trading platforms among cryptocurrency users. The increase in DEX trading volume suggests a shift in user behaviour, possibly driven by the desire for greater control over assets and enhanced privacy features offered by decentralized platforms.

The rise in DEX popularity could also be attributed to the ongoing development and improvement of decentralized finance (DeFi) protocols, which provide users with more robust and user-friendly trading experiences. As the DeFi ecosystem continues to evolve, it is likely that the trend towards decentralized trading will persist, potentially leading to further increases in DEX market share.