TechFlow, July 2 — According to the latest data from The Block, centralized exchange (CEX) spot trading volume in June dropped to $1.07 trillion, hitting a nine-month low and down 63.6% from its peak in December. Meanwhile, decentralized exchange (DEX) trading volume rose to $390 billion, pushing the DEX-to-CEX spot trading volume ratio to a record high of 29%.
The latest figures also show that in June 2025, the DEX-to-CEX futures trading volume ratio reached a historic high of 8%, up significantly from 6.84% last month and 4.78% a year earlier. Hyperliquid stood out this month—although its trading volume declined by about 15% month-on-month, its market share increased from 69.77% in May to 75%, becoming the main driver behind DEX growth.




