Will Decentralized Exchange Overtake Centralized Exchanges?

Centralized exchanges (CEX)  have been pivotal to the growth of blockchain and easy exchange of cryptocurrency. Decentralized exchanges (DEXs) on the other hand have been far from mass adoption because of issues such as low latency, inferior liquidity, front-running, and a few other problems. Yet, many agree that DEXs are the future of blockchain token economy as the centralized nature of CEXs defeat the main mantra of blockchain, which is decentralization.

But in recent times, especially as decentralized finance (DeFi) began to gather steam, coupled with the launch of DEXs such as Uniswap, many traders have potted to DEXs for token exchange. As a matter of fact, Coingecko reported that trading volume on DEX increased fivefold more than CEX in the month of July.

Could this mean that DEX is getting close to outperforming CEX and becoming the primary exchange for traders and investors?

What's your opinion about this?