- Record-breaking DEX trading share at 28.4% in June 2025.
- Key contributors include Uniswap and PancakeSwap.
- Shift driven by regulatory pressures on centralized exchanges.
Decentralized exchanges captured a record 28.4% of spot trading volume in June 2025, surpassing previous levels, according to analysis.
The unprecedented increase in DEX usage signals a significant shift towards decentralized trading platforms, with a marked impact on the centralized exchange market landscape.
Decentralized exchanges surpassed previous activity levels by capturing 28.4% of the spot trading market. Major platforms like Uniswap and PancakeSwap played critical roles in achieving this milestone, reflecting a shift in user preferences toward decentralized finance.
Key players in this trend include Uniswap, PancakeSwap, Orca, and Raydium, which saw significant trading activities. The increase is attributed to shifts in market structure, with more users opting for platforms offering privacy and security against centralized scrutiny.
“On-chain liquidity is winning the future. Every cycle, more users and volume stay on DEXs. The best is yet to come.”
— Hayden Adams, Founder, Uniswap
The surge in DEX activity led to a 30% drop in centralized exchange spot volumes, showcasing a strong market preference for DEX platforms. Regulatory scrutiny of CEXs continues to push users towards decentralized options, affecting market dynamics.
On-chain liquidity remained stable, with major DEXs experiencing less severe volume contractions compared to their centralized counterparts. Factors like privacy and control over assets influenced this user shift.
Future regulatory actions and technological advancements could further impact this transition. Historical data indicates a trend toward decentralization in response to regulatory and market pressures. Innovations such as Layer 2 solutions may further enhance DEX capabilities.
About the author
Centrifuge and S&P DJI Tokenize S&P 500 on Blockchain
S&P DJI and Centrifuge partner to launch an on-chain S&P 500 fund.
Robert Kiyosaki Invests More in Bitcoin, Predicts $1 Million Value
Robert Kiyosaki, known for 'Rich Dad Poor Dad', announced his purchase of additional Bitcoin. He expects Bitcoin to reach a $1 million value.
Trump and Musk Clash Over EV Subsidies
Elon Musk and Donald Trump in dispute over electric vehicle subsidies, affecting clean energy funding.
Nikita Bier Joins X as Head of Product
Nikita Bier, previously an advisor to Solana Labs, has been appointed as the Head of Product at X, marking a significant shift in the intersection of social media, technology, and cryptocurrency.
DEXs Reach Record Spot Volume Share in June 2025
Decentralized exchanges hit a 28.4% trading volume share in June 2025, indicating a market shift.
Crypto Attacks in June Slash Losses by 56% from May
June saw a significant drop in cryptocurrency attack losses, highlighting potential improvements in security and investor awareness.
Related
Centrifuge and S&P DJI Tokenize S&P 500 on Blockchain
S&P DJI and Centrifuge partner to launch an on-chain S&P 500 fund.
Robert Kiyosaki Invests More in Bitcoin, Predicts $1 Million Value
Robert Kiyosaki, known for 'Rich Dad Poor Dad', announced his purchase of additional Bitcoin. He expects Bitcoin to reach a $1 million value.
Trump and Musk Clash Over EV Subsidies
Elon Musk and Donald Trump in dispute over electric vehicle subsidies, affecting clean energy funding.
Nikita Bier Joins X as Head of Product
Nikita Bier, previously an advisor to Solana Labs, has been appointed as the Head of Product at X, marking a significant shift in the intersection of social media, technology, and cryptocurrency.
Crypto Attacks in June Slash Losses by 56% from May
June saw a significant drop in cryptocurrency attack losses, highlighting potential improvements in security and investor awareness.
AguilaTrades Faces $33 Million Bitcoin Trading Loss
AguilaTrades lost $33.44M in June through high-leverage Bitcoin trades, facing critical financial exposure.
Be the first to leave a comment