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DEX market share as a volume was 25% - 33% of spot market during the peak. It might have taken a hit since Terra went down, though. For some trading pair likes

DEX market share as a volume was 25% - 33% of spot market during the peak. It might have taken a hit since Terra went down, though. For some trading pair likes ETH/USD it is actually cheaper to trade on DEXes (Uniswap v3) where you get 0.05% fee as opposite to Coinbase that charges you 0.6%. The events like FTX should prod the markets more towards DEXes. Also now there are futures DEXes available like dYdX, Perp.fi and others making it possible for more professinal trades to utilise DEXes.

lottin 4y ago
Do these trades involve synthetic USD crypto-coins that are issued by some central party (so 100% not decentralised)?
- miohtama 4y ago
  Yes as they trade on spot DEX market. However Frax, TerraUSD (RIP) volume is not that huge AFAIK. I think the only synthetic, or fractionally backed stables left are Ohm and Frax. They do not have any significant market share. Most volume is in - USDT/USDC pairs - ETH pairs - BNB pairs I run a website that tracks this stuff: https://tradingstrategy.ai/trading-view/exchanges https://tradingstrategy.ai/trading-view/exchanges