Since the bull market of 2021, we are currently at the stage of having the lowest trading volumes on centralized exchanges, this shows that either interest is waning off from cex or that dex is gaining on cex in terms of overall market share.
I think it's a bit of both as dex has gained some ground on cex since people are now self custodying their tokens and are more likely to trade and swap on dexes. Centralized exchanges have had their doubts and issues so users are more skeptical of them.
A relevant question I would like to ask some of you is, would you prefer to buy/sell moons on sushiswap or kraken, mexc, gate? And also why?
Source - the block https://imgur.com/a/haTnbtm
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