A major milestone occurred for the cryptocurrency industry in May 2025 when decentralized exchanges (DEXs) reached an unprecedented global market share of 25% in spot trading volume. The news was reported by The Block, a leading authority in digital assets, but was not given much coverage. Some analysts suggested that this was simply a growing sector of the overall Web3 market, with DEXs accounting for a mere 5% of total online trading. Other commentators have raised concerns about reliable tracking and volume inflation. In the last month, the overall volume that decentralized exchanges (DEXs) handled came to a breathtaking $410.2
The post Decentralized Exchanges Hit Record High, Capture 25% of Global Spot Trading Volume in May appeared first on The Merkle News.
