DEX volume was ~1% of CEX volume in 2021.
Now it's sitting above 23%. All time high. ๐
The flow is slowly leaving centralized exchanges. Self-custody, on-chain perps, and memecoin launchpads are eating share every cycle.
And 23% is still a minority. If you think this is the top of the shift, you're probably the exit liquidity.
Watch $UNI, $HYPE, $JUP, $RAY. This is where the volume is migrating. ๐
Now it's sitting above 23%. All time high. ๐
The flow is slowly leaving centralized exchanges. Self-custody, on-chain perps, and memecoin launchpads are eating share every cycle.
And 23% is still a minority. If you think this is the top of the shift, you're probably the exit liquidity.
Watch $UNI, $HYPE, $JUP, $RAY. This is where the volume is migrating. ๐