DEX spot trading volume hit a record high in the second quarter, soaring to $876.3 billion, an increase of more than 25% from the previous quarter

According to Coingecko’s Q2 report, decentralized exchanges (DEX) have reached a record level of market share relative to centralized exchanges (CEX) in terms of spot cryptocurrency trading volume.

Binance has maintained its top position in centralized exchange market share despite a sharp decline in trading volume, while Crypto.com and Coinbase have also seen their shares decline.

DEX perpetual contract trading volume also hit a new high, with Hyperliquid dominating the market.

The report noted that spot trading volume on decentralized exchanges (DEX) soared to $876.3 billion, up more than 25% from the previous quarter.