OKX State of DEX 2025 report now live: Solana retail at 48% of DEX volumes, Ethereum preferred for trades of USD50k+
We're excited to release " The State of DEXs 2025 ," a comprehensive analysis that reflects on the evolving landscape of decentralized exchanges (DEXs) and their role in shaping the onchain economy.
DEXs are rapidly evolving from alternative venues to become a central force in DeFi, driving innovation, accessibility and decentralization. Our report explores the critical challenges of liquidity and market structure, while examining how derivatives, AI integration (Crypto X AI) and the competitive dynamics between Solana and Ethereum are shaping the future of decentralized trading. This analysis aims to help onchain traders and builders navigate opportunities while understanding key technical and operational challenges ahead.