MarketPR
Decentralized exchanges have captured a record 24% share of spot crypto trading, while overall spot exchange volume is on pace to print a new 12-month low.
The current trajectory converges on $670 million, measured against an annual peak of $2.23 trillion, a gap that frames where the running contest between on-chain and off-chain liquidity now stands.
The volume split The 24% DEX share is a record, meaning on-chain pools are absorbing a larger proportion of spot flow than at any prior point in the measurement window.
Centralized exchanges are on the other side of that equation, with volumes sinking as decentralized venues take share. At $670 million, the current spot volume trajectory sits far below the $2.23 trillion annual high.
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