DEX交易量爆炸：CEXS是否失去了對加密貨幣的控制？

DEX貿易量正在激增，受到創新，監管壓力和對自我定居的需求的驅動。 CEXS會保持其統治地位嗎？

DEX Trading Volumes Explode: Are CEXes Losing Their Grip on Crypto?

DEX交易量爆炸：Cexes是否失去了對加密貨幣的控制？

The crypto landscape is shifting! DEX trading volumes are exploding, challenging the dominance of centralized exchanges (CEXs). What's driving this trend, and are CEXs losing their grip? Let's dive in.

加密景觀正在轉移！ DEX交易量正在爆炸，挑戰了集中交易所（CEXS）的主導地位。是什麼推動了這一趨勢，CEXS是否失去了抓地力？讓我們潛水。

DEX Fever: A Historic Peak

Dex發燒：歷史山峰

June saw a historic peak in DEX to CEX spot trade volume, reaching a whopping 27.9%. Over the past year, DEX trading volumes have more than doubled, contrasting with flat volumes on CEX platforms. PancakeSwap is leading the charge, growing significantly due to Alpha trading and efficiency upgrades. Hyperliquid's spot volume has also surged, fueled by competition in decentralized perp trading.

六月在DEX上看到了CEX現貨貿易量的歷史峰值，達到27.9％。在過去的一年中，DEX交易量增加了一倍以上，與CEX平台上的平坦量形成對比。 Pancakeswap正在領導這項指控，這是由於Alpha交易和效率提升而大大增長。 Hyperliquid的現貨量也激起了分散的PERP交易的競爭。

The Rise of CeDeFi

Cedefi的崛起

CEXes are increasingly channeling activity towards DEX platforms, launching hybrid models that merge CEX liquidity with on-chain settlement. These CeDeFi offerings deliver low-slippage trading, MEV protection, and fast transactions. The flexible regulatory environment for DeFi allows DEXes to innovate, driving on-chain volumes, while CEX spot volumes remain tied to retail speculation and macro conditions.

CEXES越來越多地將活動引導到DEX平台，從而啟動了將CEX流動性與鏈上定居點合併的混合模型。這些Cedefi產品提供了低速交易，MEV保護和快速交易。 DEFI的靈活調節環境使DEXES可以創新，驅動鏈上的體積，而CEX點量仍然與零售投機和宏觀條件有關。

The Self-Custody Revolution

自我觀察革命

Recent bankruptcies among centralized crypto firms have instilled a renewed sense of urgency among users to prioritize self-custody and decentralized solutions. The mantra “not your keys, not your crypto” has resonated deeply, pushing many to explore DEXs. This shift is further fueled by technological advancements in DEXs, like Hyperliquid's architecture, which reduces latency and gas fees.

集中式加密企業中最近的破產已經灌輸了用戶之間新的緊迫感，以優先考慮自我定居和分散解決方案。咒語“不是您的鑰匙，而不是您的加密貨幣”引起了共鳴，促使許多人探索DEX。 DEX的技術進步（如Hyproliquid的體系結構）降低了潛伏期和汽油費用，這進一步推動了這種轉變。

Challenges and Opportunities

挑戰和機遇

Despite the advantages, DEXs still face challenges like liquidity fragmentation and user experience complexity. However, the opportunities are substantial: enhanced control, global accessibility, innovation, and transparency. As Uniswap's Hayden Adams notes, non-custodial designs are a significant factor in trading volume upswings.

儘管有優勢，但DEX仍然面臨流動性分散和用戶體驗複雜性等挑戰。但是，機會是實質性的：增強的控制，全球可訪問性，創新和透明度。正如Uniswap的Hayden Adams所指出的那樣，非監測設計是交易量增加的重要因素。

My Take: The Future is Decentralized (But Not Entirely)

我的看法：未來是分散的（但不是完全）

While DEXs are undoubtedly gaining momentum, I don't think CEXs are going away entirely. CEXs still offer a level of user-friendliness and regulatory compliance that many users find comforting. However, the rise of DEXs is forcing CEXs to innovate and adapt, which is ultimately good for the crypto ecosystem. Think of it like the rise of streaming services forcing cable companies to up their game. Competition breeds innovation!

雖然DEX無疑是在獲得動力，但我認為CEXS並沒有完全消失。 CEXS仍然提供許多用戶感到舒適的用戶友好和監管合規性。但是，DEX的興起迫使CEXS進行創新和適應，這最終對加密生態系統有好處。可以將其視為流媒體服務的興起，迫使有線公司提高其遊戲。競爭繁殖創新！

Conclusion

結論

The explosion in DEX trading volumes signals a significant shift in the crypto landscape. Whether CEXs can maintain their dominance remains to be seen, but one thing is clear: the future of crypto trading is looking increasingly decentralized. So, buckle up, buttercup, it's gonna be a wild ride!

DEX交易量的爆炸量標誌著加密貨幣景觀發生了重大變化。 CEXS是否可以維持其主導地位還有待觀察，但是很明顯：加密交易的未來看上去越來越分散。因此，搭扣，毛cup，這將是一次瘋狂的旅程！