DeFi trading volumes hit record ratios against CEXs as matured infrastructure and regulatory clarity shift power to transparent, code-driven platforms.
DeFi has come a long way since the boom-and-bust cycle of 2020’s DeFi Summer. Much of the surge in the early days was fueled by experimentation, hype and unsustainably high incentives. Five years on, DeFi’s foundations look very different. The past year’s experimentation is a quiet consolidation phase, setting the stage. 2025 may be remembered as the year when DeFi surpassed centralized exchanges (CEXs). The bear market in 2023 and 2024 washed out many DeFi projects that lacked a product-market fit, and forced other DeFi platforms to mature, focusing on infrastructure and achieving real adoption.
TL;DR:
- DEXs evolved into high-speed, orderbook-based platforms rivaling CEX performance.
- DeFi trading and lending volumes are soaring while centralized exchanges decline.
- Regulatory clarity and CEX security failures are accelerating the shift onchain.
- CEXs are adopting DeFi features but remain limited by centralization and compliance.
- Trust and innovation are moving decisively toward code-driven, decentralized finance.
We’re entering an exciting time for SynFutures. With the protocol upgrade and private beta just around the corner, we’re setting the stage for a new era of decentralized trading: faster, fairer, and fully onchain. Stay tuned as we roll out more updates and milestones leading up to the launch.
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