July CEX Volume Slides 23.9% to .76T as DEX Share Hits 19.5%

The DEX-to-CEX spot trade volume ratio closed July 2026 at 24.14%, the highest monthly reading on record, according to The Block’s dataset as reported by The Defiant. The Block’s own dashboard also flagged a new all-time high near 24% in its Aug. 3 update (The Block).

That record share arrived even as monthly DEX spot volume fell 26% to $130.77 billion in July from $177.55 billion in June, per Blockworks data cited by The Defiant. Daily DEX volume topped $6 billion only once, on July 8.

Data Snapshot

MetricCurrentPreviousChangePeriodAs ofSourceDEX-to-CEX spot trade volume (percentage)24.14%——July 2026 (monthly)2026-08-03The Defiant (reporting The Block's DEX-to-CEX data)Total DEX spot volume (USD)$130.77 billion$177.55 billionfell 26%July 2026 vs June 20262026-08-03The Defiant (citing Blockworks data)Uniswap trailing 30‑day volume (USD)$52.04 billion——trailing 30 days as of Aug 3, 20262026-08-03The Defiant (citing DefiLlama)

DEX share hit a record in July 2026

Based on Blockworks figures reported by The Defiant, July’s $130.77 billion in DEX spot volume was the lowest monthly sum since September 2024. Uniswap led by trailing 30‑day volume at $52.04 billion as of Aug. 3, per DefiLlama data cited in the same report.

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