DEX Trading Soars to New Heights Driven by Memecoins and Binance Integration

Decentralized exchanges (DEXs) have experienced an unprecedented surge in trading volume, surpassing centralized platforms in 2025. This growth is attributed primarily to the rise of memecoin speculation and a new wave of routing flows facilitated by Binance’s Alpha platform. According to CoinGecko, DEX spot volumes reached $419 billion in October alone, marking a record high. The DEX-to-CEX (Centralized Exchange) spot ratio soared to an all-time high of 37.4% in June, indicating a dramatic shift towards onchain trading.