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Crypto Market Surges in Q2 2025 Amid Shifting Trading Dynamics
The cryptocurrency market has witnessed a significant surge in the second quarter of 2025, with a notable recovery from previous decline. According to CoinGecko’s latest report, the total market capitalization has climbed by a substantial 24% to reach $3.5 trillion.
The rebound is attributed largely to decentralized exchanges (DEXs), which have seen unprecedented growth amidst declining centralized trading volumes. Spot trading volumes on DEXs surged by an impressive 25.3% quarter-on-quarter, establishing a new high in the DEX-to-CEX volume ratio.
Bitcoin (BTC) has played a pivotal role in this recovery, surpassing $100,000 and achieving a new all-time high. Its market dominance has increased to over 62%, largely attributed to investor preference for BTC over alternative cryptocurrencies. Ethereum (ETH), while experiencing a price increase from $1,805 to $2,488, still lagged behind its opening price for the year.
Circle’s initial public offering (IPO) served as a significant catalyst in this market recovery. The company’s stock surged by an astonishing 864.5% following its IPO, which was oversubscribed by 25 times.
In contrast to this rebound, centralized exchanges have witnessed a decline of 27.7% in spot trading volumes, with Binance maintaining its dominance despite a decrease in trading activity.
Furthermore, perpetual trading volumes on DEXs reached unprecedented levels, with Hyperliquid capturing a remarkable 72.7% market share among top perpetual DEXs. This trend underscores the growing preference for decentralized trading platforms.
The Q2 report from CoinGecko provides an in-depth analysis of these market dynamics and offers valuable insights into the evolving landscape of cryptocurrency trading.
Source: Blockchain.News
