Quote from: DaveWave on October 22, 2019, 08:18:57 AM

Provide us a DEX that is competitive and at par with the big private exchanges. It should be fast and has a good interface. And people may consider this. Until then, centralized exchanges will continue to enjoy the highest trading volumes.

Stakenet is the best example I can think of. They've been aiming to be the "Apple of DEXs" - friendly and intuitive UI, convenient, easy to use, professional but efficient and geared towards performance. They're using LN to power it and aggregating the "DEXosphere", if you will. That will immediately benefit every DEXs orderbooks.

Quote from: poptok1 on October 22, 2019, 08:19:05 AM

I think that it's a great situation for us, the users. Competition is like a breeze of fresh air, always brings something beneficial for the entire sector. Whatever it will be some sort of DEX revolution, we, as users, will become just a bit more satisfied with the quality of crypto exchanging. This process of moving majority of the marketcap. on to DEX, may take some significant amount of time though. Thus, I have a feeling that 2020 will remain in the realm of old, well established CEX type market places. Nevertheless the end game, is going to be good for us. One question, why all those dex'es look so ugly? Wink

2020? CEXs... but what about 2024?
I guess a lot of DEXs are more about function than form. Stakenet looks nice, though.

Quote from: Youghoor on October 22, 2019, 08:19:22 AM

Decentralized exchanges are gaining huge attention in the cryptosphere but i don't think it would take over Centralized exchanges really quick. Also, most DEXs are quite slower than CEXs hence crypto users would still prefer to use centralized exchanges over decentralized ones. So yeah, it's a big no for me at least not within the next 5 years. CEXs would still rule the cryptospace.

I think Lightning will have a great use case in speeding up DEXs and making them less clunky.

Quote from: sujonali1819 on October 22, 2019, 08:28:09 AM

Agreed. I also think Decentralised can not overtake Centralized exchange. In my opinion Dex exchange is not frendly to use like Cex. And always people are finding Something which is user-friendly. But it is right that we need some Dex also and sometime dex become very usefull.

DEXs have generations to them now. The newer ones are all about making UI friendly and setup/use convenient.

Quote from: Ferris419 on October 22, 2019, 10:12:30 AM

I agree with you! DEX came later, so, people picked the Centralized exchanges as it came first! But DEX will be more popular than Centralized exchange gradually! Because centralized exchange has many issues like the hacking problem, fake/bot volume, lack of liquidity, high listing and withdraw fee and so on. Where DEX is almost hacked free, not much fake trading volume like CEX and withdraw fee is near zero and token listed fee also reasonable.

Agreed.

Quote from: Red-Apple on October 22, 2019, 12:25:38 PM

it is not about quantity of decentralized exchanges it is about their quality. so far 90% of the projects that are calling themselves "decentralized exchange" are created only to sell people a certain token they also create and raise funds to get rich because of it. and these exchanges don't have that much volume to begin with not to mention that they usually only support a limited number of coins mostly only the ethereum tokens not even altcoins!
so i don't think any kind of big transition from centralized to decentralized exchanges happening any time soon.

A DEX that needs placeholder tokens to substitute for real ones isn't a proper DEX. Native interoperability is as key as not having a central authority in control over it.

Quote from: crazy-pilot on October 22, 2019, 12:53:42 PM

Centralized exchanges have several advantages over decentralized ones. The main advantage is the volume of trading. I think that someday the crypto community will begin to switch to decentralized exchanges, but so far we are not ready.

DEX aggregation may very well change that - and sooner than later!

Quote from: boltz on October 22, 2019, 01:00:09 PM

Yes! I'm on the same boat with you mate as I believe that DEX will have a major jump in 2020 and also we can already see a part of the volume moving to dex no wonder why even Binance opened a "dex" even if its not a fully dex like blocknet or waves.

In my personal opinion , waves , blocknet and stakenet are about to bring huge surprises in 2020 for traders , holders and users of dex and their coins.

I think the general sentiment will change quickly when people see how easy to use the newer ones are.

Quote from: Flux0z on October 22, 2019, 01:48:24 PM

Stakenet is by far one of the most promising ones I've seen.

Speed: It's based on Lightning, so you'll be able to trade instantly/just as fast as any CEX.
Liquidiity/Volume: Their DEX Aggregator will combine DEX orderbooks together, which will benefit all existent DEX's and add a TON of liquidity to the DEX.

At some point I'm sure we'll see a shift, where people move away from the centralized solutions, and only use them whenever they want to "Cash Out".

So back in 2017, I used Bittrex to daytrade a lot. I did pretty well and ended up getting a 10x chasing pumps here and there.
Apparently, it was just enough money to raise a red flag for Bittrex. They reset my verification level and froze withdrawals from my well-established account. They held my funds hostage in exchange for high-level verification. Their support was both worthless (avg response time was 4 weeks) and powerless to do anything about my account that was suspiciously reset. Eventually, I managed to get my money back but it took months of fighting. Suffice to say, I never made a single trade on Bittrex after that and I'm delighted that they've pulled a Bitfinex/Polo and became irrelevant.

This is exactly why I'm excited for Stakenet. Zero hassle, just trade. It'll be fast and have the liquidity to hold it's own. Put simply, I can be at peace knowing that I can access my money at any time - even if my bags moon and my balance becomes 10x what it was overnight.
I hope people aren't still in the habit of keeping more than a few hundred dollars on exchanges. If your bags moon, they may just freeze your account because they can.