TechFlow News, February 1 — According to a report by crowdfundinsider, OKX’s newly released "State of DEX 2025" report analyzes the development trends of decentralized exchanges (DEXs) and their role in the on-chain economy. Key findings from the report include:
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Solana Dominance: Solana-based DEXs accounted for 48% of total trading volume, primarily driven by retail traders.
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Ethereum Maintains Edge: For large transactions exceeding $50,000, Ethereum remains the preferred choice for whales and institutional traders.
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Liquidity Challenges and Innovation: Market-making models like Raydium and design optimizations such as those in Uniswap offer solutions to liquidity issues.
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Blockchain and AI Convergence: The integration of blockchain and AI is transforming the industry, with 33.9% of developer activity focused on AI integration.
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Derivatives Innovation: Application-specific chains like Hyperliquid and dYdX are driving breakthrough developments in DEX derivatives.
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Rise of Tokenized Treasuries: Tokenized treasury bills and basis trade assets are emerging as yield-generating base currencies, reshaping the derivatives market landscape.
In addition, the report highlights that DeFi (decentralized finance) will experience steady growth in the coming years and achieve deep integration with traditional finance (TradFi) applications. The rise of stablecoins such as USDC and USDT is also making digital transactions more efficient and cost-effective.
