Decentralized Exchanges Hit New Highs in May, DEXs Account for 25% of Global Spot Trading

In May 2025, decentralized exchanges (DEXs) experienced a significant milestone, reaching 25% of global spot trading volume, marking a new all-time high. This surge led to a total monthly trading volume of $410.2 billion, driven by the volatile crypto market and the continued growth of DeFi applications. Analysis suggests factors like price volatility in major assets and improved blockchain efficiency contribute to this shift towards decentralized platforms.