Data: In June, CEX spot trading volume hit a nearly 9-month low, while DEX usage continues to grow
ChainCatcher news, according to The Block, in June, the spot trading volume of centralized exchanges fell to $1.07 trillion, hitting a nine-month low, while the trading volume on decentralized platforms continued to rise. Since reaching a recent high of $2.94 trillion last December, the monthly spot trading volume on centralized platforms has been gradually declining. Last month's trading volume decreased by 63.6% from the peak.Presto Research analyst Min Jung stated, "Although Bitcoin remains stable and is not far from its historical high, the altcoin market is struggling, with most altcoins, including ETH, down nearly 40% from their peaks. This indicates that the market is primarily driven by institutional investors buying Bitcoin, while retail participation, which typically favors altcoins, remains relatively subdued."