DEX has just captured 24% of the spot trading market share across the entire market.

A year ago, that figure was only 17%. Meanwhile, Spot volume on CEX has declined from $2.23T to about $670B.

This is no longer a debate between DEX or CEX—it's capital flows that are shifting.

I believe the biggest value in the next cycle may not be on exchanges, but in the infrastructure behind them: DEX, Aggregators, Lending, Oracles, and even BTCFi.

If DEX holds 24% today, what do you think the next milestone will be—30%, 40%, or even 50%? And which project will benefit the most? 👇

$BNB $HYPE $ASTER