PANews reported on November 5 that according to data from The Block, the ratio of spot trading volume of decentralized exchanges (DEX) to centralized exchanges (CEX) has increased significantly in the past few months. It has climbed from about 10% in August this year to 22.53% in November, showing a significant increase in DEX trading volume. Moreover, this growth has been even more significant in the past 30 days, with DEX trading volume jumping by about 50%.

hitesh.eth said that the appeal of traditional CEX platforms such as Binance and Coinbase seems to be weakening. In contrast, more users are beginning to turn to DEX, which may be an important signal for the development of decentralized finance (DeFi).