The only reason people use CEXs is because DEXs have been dogshit at UX.

Once decentralized infrastructure hits UX parity, nobody's willingly handing over their keys to some exchange that can rug you overnight.

Self-custody wins every time when the friction drops to zero.

The moment DEXs feel as smooth as Binance, CEXs are cooked. Nobody wants to trust a third party with their bags when they don't have to.