Decentralized exchange volumes soar on memecoin trading rush: CoinGecko
PositiveCryptocurrency

- In June, the decentralized exchange (DEX) to centralized exchange (CEX) spot ratio reached an all-time high of 37.4%, primarily driven by a significant increase in trading volumes on PancakeSwap, according to CoinGecko analyst Yuqian Lim.
- This surge in DEX activity highlights a growing trend in the cryptocurrency market, indicating a shift towards decentralized trading platforms, which may enhance user autonomy and reduce reliance on traditional exchanges.
— via World Pulse Now AI Editorial System

