According to ChainCatcher news and Forbes report, CEX's Spot and derivatives trading volume surged to $9.72 trillion in August, reaching an annual high; major exchanges' annual trading volume reached $80 trillion.
The market is showing a dual-track development: CEX attracts institutions and retail investors with high liquidity, compliance framework, and user-friendly interface; DEX, on the other hand, achieves cross-chain trading and yields through smart contracts, with platforms like Hyperliquid gaining attention due to their deep liquidity pools.
Both modes have their challenges. CEX faces regulatory risks and single points of failure, while DEX needs to deal with smart contract vulnerabilities and complex user experiences. The future trend points towards a hybrid model: combining the speed and liquidity of CEX with the autonomy and innovation of DEX. Cross-chain interoperability, atomic swaps, and liquidity aggregators are eliminating ecological fragmentation, paving the way for mainstream adoption.
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Forbes: The crypto market is developing in a dual-track manner, with a hybrid model of CEX and DEX becoming mainstream.
According to ChainCatcher news and Forbes report, CEX's Spot and derivatives trading volume surged to $9.72 trillion in August, reaching an annual high; major exchanges' annual trading volume reached $80 trillion. The market is showing a dual-track development: CEX attracts institutions and retail investors with high liquidity, compliance framework, and user-friendly interface; DEX, on the other hand, achieves cross-chain trading and yields through smart contracts, with platforms like Hyperliquid gaining attention due to their deep liquidity pools. Both modes have their challenges. CEX faces regulatory risks and single points of failure, while DEX needs to deal with smart contract vulnerabilities and complex user experiences. The future trend points towards a hybrid model: combining the speed and liquidity of CEX with the autonomy and innovation of DEX. Cross-chain interoperability, atomic swaps, and liquidity aggregators are eliminating ecological fragmentation, paving the way for mainstream adoption.