The proportion of DEX spot trading volume in May rose to 25%, reaching a historic high

Odaily Planet Daily News: In May 2025, the proportion of spot trading volume on decentralized exchanges (DEX) rose to 25%, reaching a historic high and approaching the market share of centralized exchanges (CEX) for the first time. The total trading volume of DEX reached $410.2 billion, with PancakeSwap accounting for $171.6 billion, ranking first, followed closely by Aerodrome and PumpSwap, with a monthly trading volume of nearly $15 billion. Hashed CEO Simon Kim stated that this is not only a change in market share, but also a sign that the market is transitioning from centralization to decentralization. He expects DEX to surpass CEX in 2028 and achieve dominance by 2030. Kim emphasized that the growth of DEX is due to the meme coin craze, the decrease in wallet usage barriers, and the decrease in user trust in CEX. "DEX is a true embodiment of the spirit of blockchain. ”（The Block）