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lmfao bruh $385B on DEX in June, CEX down 30%, Uniswap and Pancakeswap holding strong against Binance and Coinbase, BTC on Binance tanking, DEX to CEX ratio hitting ATH
The decentralized exchanges (DEX) handled around $385 billion in transactions in June, nearly 30% of centralized exchange turnover, per Defilma and block data. This DEX volume represented a 12% decrease from May, while CEX volume dropped almost 30%. The Dex to Cex Spot Trade Volume hit a new all-time high of 28.4%, up from the previous peak of 21% in May. Major DEX platforms like Uniswap and Pancakeswap maintained their market share against CEX platforms like Binance and Coinbase. BTC activity on Binance also saw a significant drop.
The combined trading volume on the top five DEX platforms, including Uniswap and Pancakeswap, only slipped by less than 10% month-over-month, supported by stable trading on Ethereum and increased activity on BNB, Solana, and Base. Conversely, centralized exchanges like Binance and Coinbase experienced more substantial declines as traders moved away from leverage and towards decentralized platforms. Notably, Binance's recent 30-day BTC inflow was significantly lower than the average since 2020. Additionally, data from Nansen indicated a consistent decrease in stable ERC-20 token supply on centralized exchanges since mid-June.
https://altcoin.observer/dexs-captures-almost-30-of-the-cex-spot-activity-in-june-establishing-a-new-record/
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