DEX-to-CEX Spot Volume Ratio Reaches 24% as Centralized Exchange Activity Weakens
The ratio of decentralized exchange spot volume to centralized exchange spot volume reached 24.14% in July 2026, according to The Block’s current data series. The figure does not mean that DEXs controlled 24.14% of the combined spot market: it means DEX volume was equivalent to 24.14% of the CEX volume included in the dataset. Meanwhile, DEX spot volume fell approximately 26% month over month to about $130.77 billion, its lowest level in nearly two years.
2026/08/04