In the wild world of crypto, where volatility is the name of the game, a recent market shake-up has highlighted a key divide: centralized exchanges (CEXs) versus decentralized exchanges (DEXs). On October 10, 2025, the crypto market experienced one of its most intense liquidation events, with over $7 billion in positions wiped out in under an hour, according to data from Coinglass. Bitcoin dipped sharply, Ethereum plunged by around 7%, and the overall market cap took a hit. But amid the chaos, many CEXs like Binance and Coinbase buckled under the pressure, leaving traders frustrated and unable to execute orders.

This downtime wasn't just a minor glitch—reports flooded in from users experiencing "heavy load" errors, frozen apps, and failed deposits. As one popular post on X put it: "모든 거래소가 그냥 다운됐어!! 어느 오더북도 작동하지 않아" from Ash Crypto. It's a scenario that's all too familiar in high-volatility moments, reminiscent of past bull runs where CEXs often go offline right when traders need them most.

Enter the tweet that captured the sentiment perfectly. Posted by @kmoney_69, a notable figure in the meme coin space associated with projects like Mog Coin and Party Hat DAO, the message read: "이 상황 때문에 DEX에 대해 엄청나게 낙관적이 됐어. 지금 어떤 CEX도 제대로 작동하지 않아. 작동하는 건: Hyperliquid, Aster, Uniswap, CowSwap, Jupiter 등." You can check out the full thread here.

What @kmoney_69 is pointing out is spot on. While CEXs were grinding to a halt, DEXs stepped up. Platforms like Uniswap (on Ethereum), Jupiter (on Solana), Hyperliquid, Aster, and CowSwap kept chugging along, allowing users to swap tokens, provide liquidity, and even accumulate during the dip. For meme token traders, this resilience is huge. Meme coins, those viral, community-driven assets often launched on DEXs, thrive on speed and accessibility. When a hot new meme like $MOG or $GIGA starts pumping, you don't want to be stuck waiting for a CEX to come back online.

왜 DEX가 밈 영역에서 사랑받는가

Decentralized exchanges operate on blockchain protocols without a central authority, meaning they're not reliant on a single server's uptime. Instead, they use smart contracts and automated market makers (AMMs) to facilitate trades directly from your wallet. This setup proved invaluable during the October 10 turmoil. Traders reported seamless experiences on DEXs, with one user shouting out Jupiter for letting them "accumulate more #Y2K" – a nod to a playful meme token inspired by millennial nostalgia.

The image above, shared in a reply to the thread, captures the fun spirit of meme trading: dollar-cost averaging (DCA) into Y2K amid the chaos. It's a reminder that while markets crash, the meme community keeps the vibes alive.

This event isn't isolated. Historical data shows CEX outages spike during major market moves, leading to lost opportunities and even accusations of manipulation. In contrast, DEXs offer transparency and non-custodial trading—you hold your keys, reducing risks like those seen in the FTX collapse. For blockchain practitioners diving into meme tokens, this means better control over volatile assets that can 10x or tank in hours.

밈 토큰 투자자에 대한 시사점

If you're building your knowledge base on meme tokens, events like this underscore a shift toward DeFi (decentralized finance). Meme coins often debut on DEXs because of low barriers to entry—no need for listings or approvals. Platforms like Solana's Jupiter or Ethereum's Uniswap have become launchpads for hits like $PEPE or $DOGE derivatives.

The bullish take from @kmoney_69 aligns with broader trends. As one reply noted, "나도 같은 결론에 도달했어. CEX들을 보면 전반적으로 문제와 실패가 보이고 이 청산 윅 이후에는 DEX와 분산형 금융(DeFi) 쪽으로 큰 이동과 내러티브가 생길 거라고 생각해." Indeed, with meme tokens relying on hype and quick trades, DEX adoption could accelerate, especially as tools like aggregators make on-chain trading as user-friendly as CEXs.

Of course, DEXs aren't perfect. They can suffer from high gas fees during network congestion or impermanent loss for liquidity providers. But in a pinch, they deliver where CEXs falter.

전망: DEX가 밈 트레이딩의 미래인가?

As the dust settles from October 10's carnage, the crypto community is buzzing about DEX supremacy. For meme insiders, this is a call to action: diversify your trading setup, learn wallets like Phantom or MetaMask, and explore DEX aggregators for the best rates. Whether you're chasing the next big meme or just hedging your bets, the reliability of DEXs in tough times is a game-changer.

Stay tuned to Meme Insider for more updates on how these events shape the meme token landscape. If you've got stories from the outage, drop them in the comments—we're all in this volatile ride together.