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DeFi Expansion
Between January and May of 2021, decentralized exchange (DEX) volume rose from 100 billion dollars to 300 billion dollars while centralized exchange (CEX) volume only grew from 1.2 trillion to 1.3 trillion. Furthermore, DEX trading volume accounted for 8% of all crypto trading volume in January and had risen to 13% as of June. This shows that decentralized exchanges are increasing in market share. The future is decentralized.
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