DEX spot volume reaches 24% of CEX trading

Decentralized exchange spot trading rose to about 24% of centralized exchange volume in July 2026, according to The Block’s current DEX-to-CEX data series. Summary July’s DEX-to-CEX spot ratio reached about 24%, according to The Block’s current data series estimate. DefiLlama’s trailing data ranked Solana, BNB Chain and Ethereum among the largest spot ecosystems globally. Robinhood Chain added July activity after Uniswap deployed four protocol versions from its first day. The reading was described as the strongest shown in the current series and continued a broader rise in onchain market share since 2024. The Block calculates the measure by dividing monthly DEX volume by volume on a selected group of centralized exchanges. Its dashboard includes the top 30 decentralized exchanges by volume from DefiLlama. Therefore, the figure does not mean DEXs handled 24% of combined spot trading. It means DEX activity equaled roughly 24% of the covered CEX total. DEX Spot Volume Reaches Record 24% of CEX Volume, Highest Since Tracking Began in 2019According to The Block, citing DefiLlama data, DEX spot trading volume rose to about 24% of CEX volume in July 2026, the highest level since the serie...