[DEX Share of Spot Trading Volume Hits Record High of 24%, CEX Spot Trading Volume Drops to 12-Month Low] According to The Block, the proportion of spot trading volume attributed to DEXs reached a historic high of 24% in July, up from 17% a year ago, while centralized exchange (CEX) spot trading volume is expected to hit a 12-month low, dropping from the yearly peak of $2.23 trillion to $670 billion. The decline in trading volume is partially attributed to the diversion of activity to prediction markets and reflects a general waning interest in crypto. Meanwhile, on-chain trading products continue to improve, with aggregators offering deeper liquidity and faster cross-chain swap routing, narrowing the execution gap with centralized exchanges. Analysts predict that enhanced user experience and lower costs will continue driving users toward on-chain alternatives.