Decentralized Exchange (DEX) that processed approximately $385 billion in spot trading in June, equivalent to almost 30% of the revenue recorded at the central venue, was processed in June, according to Defillama and block data.
The 30-day DEX figure represents a 12% decrease since May, but at the same time, the spot volume for centralized exchange (CEX) was signed nearly 30%. In particular, this is the smallest monthly trading volume since September 2024.
These different movements include “DEX to CEX Spot Trade Volume“28.4% as of press time, the newest ever. The previous record was around 21%, which was seen in May.
The largest dex holds the ground
The lower relative drawdowns of Uniswap, Pancakeswap and other unauthorized venues explain most of the market share growth.
The top five Dexs combination volumes, including Orca, Raydium and Meteora. I slid less than 10% each monthsupported by Ethereum’s stable Paa turnover and growth in activities at BNB, Solana and base.
Binance, Coinbase, OKX and other centralized platforms have dipped deeper as traders reduced leverage and moved assets to self-reliance.
Bitcoin (BTC) activity could serve as a proxy for this move as a recent Binance Registered 5,700 BTC The 30-day influx is less than half the average seen since 2020.
Furthermore, data from Nansen shows that ERC-20 stablecoin supply has been steadily declining in centralized exchange since June 17th.
With less than one trading day remaining in June, the Running Dex totals $15 billion Of the $400 billion threshold.
The average daily volume over the past week has exceeded $13 billion, with a more reasonable pass of over $400 billion if market conditions remain stable.
Continuous trends
Despite some issues between January and April, the DEX to CEX ratio did not fall below 12% in 2025. Between 2019 and 2024, the 12% threshold was violated only four times, highlighting the strength of chain transactions this year.
In January, analyst Ignus noted that price discoveries had changed dramatically to decentralized exchanges rather than being held by venture capital funds.
According to analysts, this is a trader labeled “smart money.” Mainly involved in transactions on the chain.
As a result, the volume of centralized exchange acts as a “liquidity withdrawal” for these traders. An increase in chain trading volume could reflect traders moving to the platform where action occurs rather than waiting at a central venue.
