Dropped to the lowest level since November 2023, July CEX combined trading volume fell 23.9% month-over-month

Odaily Planet Daily News In July, the combined spot and derivatives trading volume on centralized exchanges fell to $3.76 trillion, down 23.9% month-over-month, the lowest level since November 2023. Among them, CEX spot trading volume fell to $727 billion, down 31.2% month-over-month; CEX derivatives trading volume fell to $3.03 trillion, down 21.9% month-over-month, with derivatives accounting for 80.6% of total market trading volume, the highest since September 2023. DEX spot market share rose to 19.5%, setting a new all-time high; futures market share rose to 14.9%, the highest since February. Uniswap led DEX spot trading with $53.4 billion, followed by PancakeSwap with $18.5 billion.