DEX交易量爆炸：CEXS是否失去了对加密货币的控制？

DEX贸易量正在激增，受到创新，监管压力和对自我定居的需求的驱动。 CEXS会保持其统治地位吗？

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

DEX交易量爆炸：Cexes是否失去了对加密货币的控制？

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.

加密景观正在转移！ DEX交易量正在爆炸，挑战了集中交易所（CEXS）的主导地位。是什么推动了这一趋势，CEXS是否失去了抓地力？让我们潜水。

DEX Fever: A Historic Peak

Dex发烧：历史山峰

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现货贸易量的历史峰值，达到27.9％。在过去的一年中，DEX交易量增加了一倍以上，与CEX平台上的平坦量形成对比。 Pancakeswap正在领导这项指控，这是由于Alpha交易和效率提升而大大增长。 Hyperliquid的现货量也激起了分散的PERP交易的竞争。

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越来越多地将活动引导到DEX平台，从而启动了将CEX流动性与链上定居点合并的混合模型。这些Cedefi产品提供了低速交易，MEV保护和快速交易。 DEFI的灵活调节环境使DEXES可以创新，驱动链上的体积，而CEX点量仍然与零售投机和宏观条件有关。

The Self-Custody Revolution

自我观察革命

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.

集中式加密企业中最近的破产已经灌输了用户之间新的紧迫感，以优先考虑自我定居和分散解决方案。咒语“不是您的钥匙，而不是您的加密货币”引起了共鸣，促使许多人探索DEX。 DEX的技术进步（如Hyproliquid的体系结构）降低了潜伏期和汽油费用，这进一步推动了这种转变。

Challenges and Opportunities

挑战和机遇

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.

尽管有优势，但DEX仍然面临流动性分散和用户体验复杂性等挑战。但是，机会是实质性的：增强的控制，全球可访问性，创新和透明度。正如Uniswap的Hayden Adams所指出的那样，非监测设计是交易量增加的重要因素。

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

我的看法：未来是分散的（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!

虽然DEX无疑是在获得动力，但我认为CEXS并没有完全消失。 CEXS仍然提供许多用户感到舒适的用户友好和监管合规性。但是，DEX的兴起迫使CEXS进行创新和适应，这最终对加密生态系统有好处。可以将其视为流媒体服务的兴起，迫使有线公司提高其游戏。竞争繁殖创新！

Conclusion

结论

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交易量的爆炸量标志着加密货币景观发生了重大变化。 CEXS是否可以维持其主导地位还有待观察，但是很明显：加密交易的未来看上去越来越分散。因此，搭扣，毛cup，这将是一次疯狂的旅程！