The post Decentralized Trading Gains Momentum: DEX to CEX Ratios Soar appeared on BitcoinEthereumNews.com. Lawrence Jengar Nov 28, 2025 02:14 The DEX to CEX trading volume ratios have reached unprecedented heights in 2025, marking a significant shift towards decentralized exchanges in both spot and perpetual markets. In a notable shift towards decentralized trading, the ratio of trading volumes between decentralized exchanges (DEXs) and centralized exchanges (CEXs) has reached new highs, as reported by CoinGecko. This trend marks a significant change in the cryptocurrency trading landscape, with DEXs capturing a larger share of both spot and perpetuals markets. Spot Trading Dynamics Over the past five years, the DEX to CEX spot trading volume ratio has more than tripled. Starting at a meager 6.0% in January 2021, the ratio surged to 21.2% by November 2025. This growth, however, was not linear. After peaking at 14.6% in early 2022, the ratio saw fluctuations, particularly during the FTX collapse in November 2022, which did not immediately affect the DEX market share. In 2025, the ratio experienced a significant boost, reaching 18.7% in January due to a speculative frenzy around Solana-based memecoins. This was further propelled by PancakeSwap’s volume surge in June, attributed to its integration with Binance Alpha, pushing the ratio to a record 37.4%. Despite market corrections, DEX spot volumes remained robust, hitting an all-time high of $419.76 billion in October 2025, indicating a steady shift towards onchain trading. Perpetuals Market Surge The DEX to CEX ratio for perpetuals trading has also seen a dramatic rise. From a modest 2.1% in January 2023, it reached an all-time high of 11.7% in November 2025. This growth is largely attributed to new entrants like Hyperliquid, Lighter, and edgeX, which have outpaced early market leaders. Hyperliquid alone recorded $2.74 trillion in perpetuals volume this year, rivaling top CEXs like Coinbase. However, the… The post Decentralized Trading Gains Momentum: DEX to CEX Ratios Soar appeared on BitcoinEthereumNews.com. Lawrence Jengar Nov 28, 2025 02:14 The DEX to CEX trading volume ratios have reached unprecedented heights in 2025, marking a significant shift towards decentralized exchanges in both spot and perpetual markets. In a notable shift towards decentralized trading, the ratio of trading volumes between decentralized exchanges (DEXs) and centralized exchanges (CEXs) has reached new highs, as reported by CoinGecko. This trend marks a significant change in the cryptocurrency trading landscape, with DEXs capturing a larger share of both spot and perpetuals markets. Spot Trading Dynamics Over the past five years, the DEX to CEX spot trading volume ratio has more than tripled. Starting at a meager 6.0% in January 2021, the ratio surged to 21.2% by November 2025. This growth, however, was not linear. After peaking at 14.6% in early 2022, the ratio saw fluctuations, particularly during the FTX collapse in November 2022, which did not immediately affect the DEX market share. In 2025, the ratio experienced a significant boost, reaching 18.7% in January due to a speculative frenzy around Solana-based memecoins. This was further propelled by PancakeSwap’s volume surge in June, attributed to its integration with Binance Alpha, pushing the ratio to a record 37.4%. Despite market corrections, DEX spot volumes remained robust, hitting an all-time high of $419.76 billion in October 2025, indicating a steady shift towards onchain trading. Perpetuals Market Surge The DEX to CEX ratio for perpetuals trading has also seen a dramatic rise. From a modest 2.1% in January 2023, it reached an all-time high of 11.7% in November 2025. This growth is largely attributed to new entrants like Hyperliquid, Lighter, and edgeX, which have outpaced early market leaders. Hyperliquid alone recorded $2.74 trillion in perpetuals volume this year, rivaling top CEXs like Coinbase. However, the…