Hyperliquid and DEXs Break the Top 10 — Is the CEX Era Ending?
Centralized exchanges (CEXs) nonetheless command the lion’s share of crypto liquidity. However, the steadiness of energy is starting to tilt as decentralized exchanges (DEXs) have doubled their spot market share over the previous two years whereas increasing their presence in perpetual futures fivefold. The knowledge alerts that on-chain buying and selling is now not a…
