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CEX vs DEX 2026: The Battle for Crypto Exchange Dominance
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@blockonomist
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2026-05-13 19:53:10
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Post-FTX, decentralized exchanges gained trust but centralized exchanges still dominate volume. Hyperliquid's emergence as a high-performance on-chain perps exchange is the most significant structural challenge to CEX dominance yet. Uniswap v4 hooks, dYdX's governance experiment results, and regulatory pressure toward KYC-gated DEX models are reshaping where the battle lines are drawn.
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