I think DEXes have their limitations and potential risks, such as high slippage and scam projects. CEXes also have their own weaknesses. So, I believe the future of exchanges lies in hybrid models that combine the best of both worlds. These exchanges could offer the security and control of DEXes along with the speed and liquidity of CEXes. This could be an attractive option for traders who are hesitant to fully trust either type of exchange independently.