DeFi Protocols Are Winning Users as Centralized Crypto Exchanges Suffer Ether Outflows

According to Nansen, in the past 7 days, Binance, OKX, FTX, Kraken, KuCoin, Coinbase, Huobi, Gate.io, Gemini, Paxos, FTX US and Crypto.com have experienced a combined net outflow of $6.33 billion; Users have deposited $42.03 billion into those exchanges but withdrew $48.35 billion.