The share of DEX spot transactions rose to 25% in May, a record high

The share of spot trading on decentralized exchanges (DEX) rose to a record high of 25%, approaching the market share of centralized exchanges (CEX) for the first time. Total DEX trading volume reached $410.20 billion, of which PancakeSwap accounted for $171.60 billion, ranking first, followed by Aerodrome and PumpSwap, with monthly trading volume approaching $15 billion.
According to The Block, Hashed CEO Simon Kim said that this is not only a share change, but also a sign that the market is transitioning from centralized to decentralized. He expects DEX to surpass CEX in 2028 and achieve dominance by 2030. Kim stressed that DEX's growth is due to the meme boom, the decrease in the threshold for wallet usage, and the decrease in user trust in CEX. "DEX is the true embodiment of the spirit of blockchain."