DEX Market Share Just Hit a Record, But There’s a Catch 🤫 Here's a stat I initially read as bullish for decentralized exchanges: DEXs recently captured a record share of spot crypto trading. Then I looked at what happened underneath. 🤔 The record share wasn't simply the result of decentralized trading exploding. DEX spot volume actually declined during the period, but centralized-exchange volume fell considerably faster. That distinction matters for $UNI and the broader DeFi market. Growing market share while the overall pie is shrinking isn't the same thing as attracting huge amounts of new trading activity. Still, I wouldn't dismiss it. If traders consistently choose decentralized venues during quieter periods, and DEXs can then maintain that share when total volumes recover, that would be much stronger evidence of a structural shift. For now, I'd call it an interesting signal rather than a victory lap. #Macro Insights# #Altcoin Season#