The daily trading volume of centralized cryptocurrency exchanges (CEX) has surged to unprecedented levels, reaching nearly 100 billion US dollars for the first time since 2021. On March 6th, the daily trading volume (7-day MA) of major centralized exchanges soared to 97.4 billion US dollars, marking a significant increase from the mere 24 billion US dollars recorded in early February. Moreover, the monthly trading volume of CEX has been steadily climbing over the past few months. In a monumental milestone, the monthly trading volume of CEX surpassed the 1 trillion US dollar mark in December 2023, a feat not accomplished since the end of 2022. This extraordinary uptick in trading activity underscores the growing prominence and impact of centralized cryptocurrency exchanges in the financial market.