In July 2026, the spot trading volume ratio between decentralized exchanges (DEX) and centralized exchanges (CEX) rose to approximately 24%, hitting a new high since this chart began tracking data in 2019. This means DEX spot trading volume is now close to one-fourth of CEX's. Data shows that this ratio remained below 10% for most of 2024, started to accelerate noticeably in 2025, and briefly surpassed 20% mid-2025. After entering 2026, the DEX/CEX spot trading volume ratio mostly stayed between 18% and 21%, before surging again in July to set a new record, indicating that the share of on-chain spot trading in the overall crypto market continues to expand. (The Block) https://(wublock123.com)/news/dex-vs-cex-spot-volume-ratio-hits-record-24-percent-65755