May Exchange Platform Rankings: Multiple metrics declined, with only Perp DEX seeing an increase in trading volume.
According to Dap-Dance BlockBeats:
In May 2026, the spot trading volume of mainstream CEXs decreased by 3.76% compared to April 2026, and the perpetual contract trading volume decreased by 4.94% compared to April 2026. Among them, the top three exchanges saw an outflow of approximately $9.5 billion in spot trading volume and approximately $70 billion in contract trading volume.
In May, the website traffic of mainstream CEXs decreased by 1.67% compared to April 2026, and the app downloads of mainstream CEXs decreased by 1.97% compared to April 2026.
In May, the perpetual contract trading volume of mainstream Perp DEX increased by 0.14% compared to April 2026, while the website traffic decreased by 5.4%.
Note: Some data may be subject to significant wash trading / bot activity. Spot and derivative data from Coingecko; traffic data from Similarweb; download data from Dots Platform.
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