DEXs are good for occasional trades. Otherwise, the gas price will eat you up.
I found DEXs and DeFi for very useful as a concept, but I don't think that they will even come close to CEX in a matter of volume and usability.
Think the only ones to really profit during these times are the miners,,, every time I see gas go up to beyond 100 (and this time it even reached 600 gwei gas) I think of the miners happily encouraging Defi projects to just keep on launching. Happy times for them leading up to ETH 2.0!
Of course there are Big time that involved in this unlimited growth of Defi projects but you are correct about the fees in which Newbie don't anticipate not until they need to withdraw their money.
This is one of the worst threads here in the forum. If you go through it you will find so many shilled scam projects. I highly suggest everyone not to trust the bullsh*t shared here. If you want to check out if a new DeFi project is legit or not I would suggest you to check one of these threads, which are getting updated on a regular basis:
DeFi-Scams - Big All-In-One-Thread - LAST UPDATE: 10/10/2020DeFi scams [history]Don't get blinded by unreal high returns. If someone is to good to be true, it usually is! So always make sure not to invest in another scam and lose your money. Better safe than sorry!
Good share mate for the clarity in investing now because these defi thing are being abused and many scams comes out just this 3rd quarter of the year.