Hyperliquid and DEXs Break the Top 10 — Is the CEX Era Ending?

By Anonymous User · March 4, 2026

Centralized exchanges (CEXs) still command the lion’s share of crypto liquidity. However, the balance of power is beginning to tilt as decentralized exchanges (DEXs) have doubled their spot market share over the past two years while expanding their presence in perpetual futures fivefold. The data signals that on-chain trading is no longer a niche alternative. The post Hyperliquid and DEXs Break the Top 10 — Is the CEX Era Ending? appeared first on BeInCrypto.