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The share of decentralized exchanges (DEX) in trading volume relative to centralized platforms (CEX) rose to a record 29% in June.
The Block points to CEX volumes falling to their lowest since September 2024 as the reason, while DEX volumes continue to grow.
Derivatives exchange Hyperliquid plays a significant role in this. The DEX:CEX futures trading volume ratio rose to a record 8%.
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