Trading on decentralized exchanges (DEXs) hit record highs in October, surpassing $1.36 trillion in volume. Hyperliquid led the pack with $299 billion, followed by Lighter and Aster. The shift from centralized exchanges to DEXs is driven by transparency, lower fees, and custody control.

The rise in DEX trading is attributed to improved platforms, incentives like airdrops, and distrust in centralized exchanges. October’s surge was also fueled by $20 billion in forced liquidations after Trump’s tariff comments. This led to a record $53 billion in weekly trading in regulated crypto products.

The shift to DEXs reflects a growing trend of investor confidence in on-chain platforms. This move away from centralized exchanges is driven by increased transparency, lower fees, and direct asset control. The surge in DEX trading volume is also a response to recent market turbulence triggered by external factors like geopolitical events.

Read more at Yahoo Finance: DEX Volumes Surge Past $1 trillion Amid Investor Shift From CEXs