ORCA lead the race for Dex with an unbelievable surge towards the end of the year due to the gains in Solana ecosystem.
first time hearing about ORCA. I didn't know an exchange like that existed. maybe because I am not into SOLANA tokens. I should really look into them. I think there are good earning opportunities in SOLANA Tokens.
I thought panecakeswap or uniswap would be in the top because these are the excahgnes most people use.
Although, Binance market share dropped by 5 5% due to factors related to regulatory compliance and lawsuit against the CEO in November but overall, the exchange was able to maintain its lead unlike what happened in the DEX where GMT and dydx lost the position as top market share holders
I don't think binance will loose top position just because of CEO change or any problem with old CEO. but if new CEO don't do a good job and maintain the quality of services then it is possible that binance would drop this year. they've been listing tokens too fast now.
I also had the same thought until my encounter with the article...looking through the exchange, I discovered that aside the fact that solana gained massively towards the end of last year which increases the exchange market share because it is built on Solana, users can also exchange tokens minimal transaction fee and lower latency than any other dex on Ethereum which accounts for why it has been many users destination of late.