According to CoinMeta, as reported by Coindesk Research, in July, the total trading volume of CEX spot and derivatives dropped to 3.76 trillion US dollars, a decrease of 23.9% from the previous month, marking the lowest level since November 2023. Among them, the trading volume of CEX spot products fell to 727 billion US dollars, while derivatives trading volume reached 3.03 trillion US dollars, accounting for 80.6% of the total market trading volume. The market share of DEX spot products rose to 19.5%, setting a new historical high, and the market share of futures products increased to 14.9%. The trading volume of Uniswap spot products was 53.4 billion US dollars, and that of PancakeSwap spot products was 18.5 billion US dollars.