TechFlow news, June 2 — In May 2025, decentralized exchange (DEX) spot trading volume share rose to 25%, a record high and approaching centralized exchange (CEX) market share for the first time. Total DEX trading volume reached $410.2 billion, with PancakeSwap accounting for $171.6 billion to rank first, followed by Aerodrome and PumpSwap, each nearing $15 billion in monthly volume.
According to The Block, Hashed CEO Simon Kim stated that this shift represents not just a change in market share but signals a broader transition from centralized to decentralized markets. He predicts DEXs will surpass CEXs by 2028 and achieve dominance by 2030. Kim emphasized that DEX growth is driven by the meme coin boom, reduced barriers to wallet usage, and declining user trust in CEXs, saying, "DEXs are the true embodiment of the blockchain spirit."
