agree with you, i also think that the real future lay in the defi exchanges - they just need some time to became technically qualitative and centralized exchanges wouldnt be popular at all
Agreed. One of the last vestiges of CEXs would be liquidity and custody for very large amounts of money, and even in that regard DEXs have grown to be a lot more competitive.Through out the year I only noticed balancer and uniswap as the most performing DEXs and now that the year is almost over their performance are going lower too simply because of many fake DeFi projects that dumps significantly or even exit scam, Uniswap had a very huge volume while DeFi hype was still alive weeks ago but now things have changed, it just looks like DEX success always have low life span
It is very reminiscent of the ICO bubble in that there are numerous "ETH killers" claiming to be the one, true DEX solution.Many are very much the same in their approach and I wager that most of them will not be around in 2 years.
DeFi projects and DEX are big failure this year, that's my own answer because majority of DeFi projects are scam and the little DeFi projects that have something good ended up been hacked, the word decentralization is nothing but a big joke in crypto space now, even Uniswap was able to gain attention because of DeFi tokens, once the hype was over uniswap goes down too and now many tokens are been cloned on uniswap, still asking if DEX owns this 2020? It's a big no
The question refers to the decade as a whole - 2020s, not 2020 in itself. Even for this year, however, DEXs have seen a dramatic shift upwards in market share and trading volume. Collectively, they went from doing millions to billions in 24h volume. quote author=retalids link=topic=5194868.msg55695730#msg55695730 date=1606490161]
agree with you, i also think that the real future lay in the defi exchanges - they just need some time to became technically qualitative and centralized exchanges wouldnt be popular at all
agree with u, and as for now I prefer even to invest more in dex projects. seraching them everyday))[/quote]
What stands out to you? I think XSN is onto something special because you can trade real BTC and ETH off-chain.
Yes, I think after the trend of yeild farming by provide liquidity pool and defi, the biggest problem of DEX was liquidity and cross-chain transactions solved, so the number of users increased and they We have seen the impressive growth of DEX in the past year. I think once the transaction fee and timing issues are solved with ETH 2.0, I think next year will see the further development of the DEX.
ETH 2.0 will allow Ethereum to scale a lot. Off-chain solutions like Lightning Network for BTC/LTC and Connext/Raiden for layer 2 ETH have become a lot more advanced over the past few years. Between all these forces, I believe we're onto a truly scalable ecosystem. 