In the past week, decentralized exchanges (DEXs) experienced a significant decline in transaction volume, falling by 39.11% compared to the previous week. This decrease is attributed to wild price fluctuations in the virtual currency market, which make investors more cautious. However, DEX trading remains strong overall due to the increasing adoption of decentralized exchange platforms. Raydium emerged as the top DEX with the highest trading volume, followed by Uniswap and Pancakeswap. The dominance ratio between DEXs and centralized exchanges (CEXs) currently stands at 43.66%, indicating the growing popularity of DEXs. While DEXs are expected to continue growing, CEXs will remain important for newcomers to the crypto market. Both types of exchanges have complementary functions and will contribute to the adoption and growth of cryptocurrency in the future.



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