In May, DEX spot trading volume share rose to 25%, reaching an all-time high

According to a report by Jinse Finance, the market share of decentralized exchanges (DEX) in spot trading volume has risen 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 by Aerodrome and PumpSwap, with monthly trading volumes approaching $15 billion. According to The Block, Hashed CEO Simon Kim stated that this is not just a change in market share but also marks a shift from centralization to decentralization. He predicts that DEX will surpass CEX by 2028 and achieve dominance by 2030. Kim emphasized that the growth of DEX is driven by the meme coin craze, the lowering of wallet usage barriers, and decreased trust in CEX, stating that "DEX is the true embodiment of the blockchain spirit."