According to Flood (@ThinkingUSD) on Twitter, centralized exchanges (CEXs) have yet to widely implement onchain execution through their own trading terminals, despite competitors like Photon, Axiom, and Azura gaining traction in this space (source: Twitter, May 8, 2025). For active crypto traders, this signals a significant gap in CEX offerings, potentially impacting liquidity flows and trading strategies as decentralized solutions attract more onchain volume. Traders should monitor CEX responses, as future integrations of onchain execution could shift market share and improve access to DeFi liquidity pools.