DEX volumes surge as Russian traders flee restricted centralized platforms

Bitget and MEXC cut off Russian users in October 2026, prompting many traders to move to decentralized exchanges that require only a wallet connection.

By then DEX platforms had already matured. They captured roughly 23 % of spot trading and over 12 % of perpetual futures volume, up sharply from about 4 % in 2022.

Uniswap leads the shift, handling around $2 billion in daily volume with a market share above 40 %. The protocol supports 23 blockchains, including Solana, and charges no extra fees beyond standard network costs.

Because the underlying smart contracts run independently of any single company, traders can still access the liquidity even when individual front-ends impose geographic blocks.

Based on information from cryptonews.net