According to @ThinkingUSD, crypto market structure could change as users stop onramping via centralized exchanges (CEXs), highlighting Hyperliquid as an alternative venue (source: @ThinkingUSD on X, Oct 16, 2025). For traders, this implies monitoring onchain perpetual liquidity, order book depth, and funding on Hyperliquid versus major CEXs to gauge flow rotation risk and basis dislocations (source: @ThinkingUSD on X, Oct 16, 2025). Key near-term signals include shifts in 24h volume, open interest, and taker-to-maker ratios on Hyperliquid, plus net exchange inflows/outflows on CEXs as a proxy for onramp migration (source: @ThinkingUSD on X, Oct 16, 2025). If liquidity migrates, expect wider cross-venue spreads and funding divergence that can create arbitrage and slippage risks for BTC and ETH perps, making position sizing and venue selection critical (source: @ThinkingUSD on X, Oct 16, 2025).

According to the source, 1inch Co-Founder @deacix stated that centralized crypto exchanges could disappear within the next decade as DeFi aggregators take over, defining a long-term structural shift in market share and execution routing. source: statement attributed to 1inch Co-Founder @deacix on X, Oct 4, 2025. For traders, the thesis flags long-horizon business-model risk for CEX platforms and their exchange tokens while elevating DeFi aggregators and DEX routing ecosystems such as 1inch (1INCH) as key venues to monitor for volume share and liquidity trends. source: statement attributed to 1inch Co-Founder @deacix on X, Oct 4, 2025.

According to @AltcoinGordon, Bitget is advancing a Unified Exchange (UEX) model that aims to let users trade anything, positioning UEX as the leading narrative versus CEX and DEX and stating Bitget is ahead of peers. Source: @AltcoinGordon on X, Sep 30, 2025. According to @AltcoinGordon, this view is validated by a recent Animoca Brands Research post referencing their latest report on the topic. Source: @animocaresearch on X: x.com/animocaresearch/status/1972602251374960666.

According to @GracyBitget, UEX is being built to combine the speed of centralized exchanges, the openness of decentralized exchanges, and the variety of traditional finance into a single platform positioned as everything you need in one place (source: @GracyBitget on X, Sep 20, 2025). The statement signals a unified exchange approach aimed at consolidating venue features for traders, but it does not provide product specifications, launch timing, or regulatory details (source: @GracyBitget on X, Sep 20, 2025). Traders should monitor forthcoming official updates from the same source to evaluate supported asset classes, execution and liquidity model, custody, and fee structure before adjusting strategies (source: @GracyBitget on X, Sep 20, 2025).

According to @EmberCN, James Wynn withdrew his remaining $700,000 from Hyperliquid and transferred $250,000 USDC to Kucoin, totaling $1.05 million USDC moved to Kucoin over recent days. This shift from decentralized platforms to centralized exchanges (CEX) like Kucoin suggests that increased on-chain scrutiny may be driving high-volume traders to CEXs for greater privacy and potential liquidity advantages. Traders should monitor CEX inflows as these movements can signal upcoming large trades or changes in market sentiment, potentially impacting USDC liquidity and volatility across major exchanges (Source: @EmberCN on Twitter, June 6, 2025).

According to Flood (@ThinkingUSD) on Twitter, the perpetual swap market share between centralized exchanges (CEX) and decentralized exchanges (DEX) has reached a new all-time high, highlighting a significant shift in trading preferences as of June 2025. This development indicates increased competition between CEX and DEX platforms, with traders seeking greater liquidity, tighter spreads, and advanced risk management tools. Active monitoring of this trend is crucial for crypto traders, as evolving market share dynamics can impact price discovery, volatility, and arbitrage opportunities across major cryptocurrencies (Source: Flood Twitter, June 3, 2025).