Markets open · Independent crypto analysis October 1, 2026

On-Chain Share of Spot Volume — run of 4 August 2026

16.4% of combined spot volume settled on-chain

The figures

venue_typevolume_24h_usd_bnshare_pct
On-chain (DEX)6.5316.40
Centralised (self-reported)33.3283.60

Notes on this run

Over thirty days on-chain venues handled $195.16bn, down 4.38% against the preceding thirty days. On-chain volume moved 13.0% in the last day alone, which is why the thirty-day figure is the one to hold onto.

DefiLlama tracks roughly 1,290 DEX protocols across 287 chains to arrive at the $6.53bn, an average of about $5m per protocol per day. The aggregate is meaningful; almost none of the individual venues inside it are. The published article gives 1,291 in one place and 1,289 in another, and neither figure is load-bearing.

The published article dates the window to 4 August 2026 in the body and to 3 August 2026 in both source footnotes. This file carries 4 August, which is the date the companion exchange measurement also carries. The disagreement is recorded rather than quietly corrected.

What this does not show

A measured quantity is being compared against a self-reported one, which biases the ratio downward. 16.4% is a floor, not an estimate: the true on-chain share is this or higher and we cannot say how much higher. Spot only, derivatives excluded.

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