最新报道:Gate founder Dr. Han notes the crypto market is entering a "Dual-Engine Drive" era with CEXs and DEXs complementing each other. In August, DEXs hit a milestone with $1.15 trillion in total trading volume—$506B in spot and $648B in perpetual contracts. Uniswap led with $143B in spot volume, followed by PancakeSwap and HyperLiquid. The DEX-to-CEX ratio rose to 17.2%, up from 1% five years ago, driven by lower fees, privacy, and cross-chain wallets. CEXs offer liquidity and fiat on-ramps, while DEXs provide user control and security. Hybrid models like Best Wallet bridge both ecosystems, signaling continued convergence.