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DEXs growing faster than CEXs but Binance still sees 171M visitors in a month

According to Chainalysis data the number of DEX’s doubled between Q1 2019 and Q3 2021, while the amount of CEX’s stayed around the same.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

DEXs growing faster than CEXs but Binance still sees 171M visitors in a month

According to Chainalysis data the number of DEX’s doubled between Q1 2019 and Q3 2021, while the amount of CEX’s stayed around the same.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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