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via BeInCrypto · By BeInCrypto Editorial

DEX Volume Exploded Over 9,000x. Now Crypto Has a New Problem

BE
BeInCrypto Editorial
(02:18 AM UTC)
1 min read
DK
Updated byDavid Kim

The crypto industry today is almost unrecognizable from 7 years ago, both in size and scale. Just for decentralized exchanges (DEX), trading volume grew roughly 9,260x from 2019 to a record $4.7 trillion in 2025.  In 2026, however, activity moderated to $1.63 trillion year-to-date. 

It’s not down to one chain or sector. Liquidity is now distributed across more blockchains, venue types…

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