CoinGecko：2026年CEX（中心化交易所）与DEX（去中心化交易所）交易活动报告（英文版）（17页）.pdf

1、2026 CEX&DEX Trading Activity Report 2026 CoinGeckoContentShaunMarket AnalystZhongHead of ResearchYuqianMarket AnalystWin WinMarket Analyst1Introduction2CEX Net Stablecoin Flows3Pace of Token Listings on CEXes4Pace of Token Listings on DEXes5Spot CEX vs DEX Volume Comparison6Perpetuals CEX vs DEX Vo

2、lume Comparison7Perpetuals CEX vs DEX Open Interest Comparison8Spot&Perpetuals Exchanges Rankings9Exchange Token Volume on DEXes vs CEXes11Historical Price Movement of CEX vs DEX Tokens12CEX vs DEX Notable Hacks&Security Risks13Summary Conclusion14IntroductionCEX&DEX Trading Activity 2026 2026 CoinG

3、eckoSince the inception of the crypto space,centralized exchanges,or CEXes,have played a key role for both retail and institutional users,serving as a gateway that offers seamless access to various crypto assets with deep liquidity.In 2025 alone,CEXes processed close to$80T in volume across both spo

4、t and perpetuals markets.Despite the recent increase in regulatory scrutiny,these platforms have also continuously evolved throughout the years,expanding their list of products and providing services such as lending,fiat withdra wals and hosting exclusive launches of the latest tokens.However,since

5、2024,DEXes have made the leap from just trading protocols made for degens,into products that could potentially rival even the best centralized avenues.With renewed on-chain exuberance across Solana,Base and the BNB Chain,the DEX market share of spot trading volumes has almost doubled from 6.9%at the

6、 start of 2024,to 13.6%as of January 2026.Combined with the launch of new perpetual DEXes such as Hyperliquid and Aster,as well as rising interest in onchain commodities and equities,the permissio nless nature of these platforms allowed them to capitalize early on these narratives,capturing volume s