Centralized Exchange "volume hits a 9-month low", DEX market share surges to 30%

CEX June spot volume fell below $1.1 trillion, while DEX market share surged to 30%, indicating a rapid rise of trustless trading models. (Background: I was trading US stocks on-chain, my mindset had already floated on the first day) (Background supplement: DEX's market share exceeded 25% in May, creating a historical high; is decentralized trading becoming a trend?) The crypto trading market is being reshuffled. The latest data indicates that global centralized exchanges (CEX) saw their June spot volume drop below $1.1 trillion, only 40% of the peak six months ago; at the same time, the decentralized exchange (DEX) market share jumped to a historical high, highlighting that "trustless" has become the keyword for the next stage. CEX trading volume hit a 9-month low According to The Block's report on July 2, CEX spot trading volume only recorded $1.07 trillion in June, a decrease of 27% from May, and a larger drop of 63.6% compared to the peak of $2.94 trillion in December 2024. This has brought CEX spot volume down to a 9-month low. DEX market share surpasses 29% While CEX volume contracted, DEX grew against the trend. In June, DEX spot volume reached $390 billion, accounting for 29% of the total spot trading volume, setting a historical high, according to data from DefiLlama, showing that user demand for "trustless" trading solutions continues to rise. Institutions entering, retail investors cooling down Presto Research analyst Min Jung pointed out that Bitcoin spot ETFs and corporate treasuries continue to absorb Bitcoin (BTC), making institutions the dominant force. Retail participation has seen a decline in altcoin (Altcoin) volume, with most altcoin prices still about 40% away from historical highs. On-chain data shows an increase in Bitcoin holding concentration, and since 2025, CEX Bitcoin inventory has decreased by another 14%, reflecting that investors prefer long-term holding or transferring to cold wallets. Trust gap and technological advancement go hand in hand After the FTX incident, user trust in centralized platforms has declined, coupled with the SEC's (SEC) intensified scrutiny, accelerating the flow of funds to DEX. On the other hand, technologies such as Layer-2 and cross-chain bridges have reduced transaction fees and increased speed, along with incentives like "Airdrop points," attracting significant liquidity influx into platforms like Uniswap and Hyperliquid. "The tug-of-war between centralization and decentralization is a necessary stage for market maturation. As liquidity seeks safer and more efficient exits, options are gradually returning to the users' private keys." With regulatory implementation and new product development, the trading landscape will change again, but it currently shows that users' preference for trustless solutions has become a clear trend. Related reports Bitcoin on-chain trading volume hits an 18-month low, Runes and Ordinals speculation fades What happened to the market after Bitcoin reached a new high with "on-chain transaction numbers hitting a 19-month low"? MicroStrategy launches on-chain proof of reserves PoR, Michael Saylor: Public addresses are too foolish, making it easy for hackers to target "Centralized exchanges see trading volume hit a 9-month low, DEX market share surges to 30%" This article was originally published in BlockTempo, the most influential blockchain news media.