Gate Research Institute: Ecological pattern and integration trends between CEX and DEX

According to Bijie.com, global crypto users increased from 1 million in 2013 to 670 million in 2025, with CEX and DEX users reaching 120 million and 143 million respectively. The market value of cryptocurrencies reached US$3.02 trillion, surpassing Apple to become the fourth largest asset class in the world. DEX's share of token issuance and trading volume has increased rapidly, but its security risks are high, with 59% of the stolen assets coming from the DEX protocol. CEX still has advantages in compliance and liquidity, and the market is showing a dual-track coexistence pattern.