Quote from: ololajulo on December 03, 2020, 03:29:28 PM

The challenge with DEX is the trust for Defi project and the high transaction fee, the regular hack claims is hunting the confidence of old and new traders. I always knew investors and traders prioritize the safety of their identity, This can bring huge fund to the space as long as investors identity is concealed by DEX. Uniswap is doing great but not better than binance, not with traded volume, number of coin and users.

Real DEXs and real DeFi entail platforms and services that can't be hacked. Cool

Agree that Uniswap has been doing great this year. I'd argue that 99% of people in crypto didn't expect it to do as well as it did - getting around $1 billion in 24h volume on a daily basis at its peak last summer.
Remember - Binance didn't show up until late in the 2017 crypto bullrun. Some of the biggest exchanges at one point in time were Bitfinex, Poloniex, and Bittrex. At the start of 2017, Bittrex and Polo were the place to be. By the end of the same year, they were quite irrelevant. Crypto changes fast!

Quote from: ven7net on December 03, 2020, 03:39:31 PM

You have raised an interesting and necessary question, but is everything the way you write? If we talk about centralized exchanges, then we cannot say that they are all not reliable or work somehow incorrectly, because it all started with them and not all centralized crypto exchanges are reliable or scammers. As for decentralized exchanges, they are certainly based on decentralized processes, but this does not prevent fraudsters from deceiving users. Moreover, the word DEX itself has recently been used by many as a bait for investment and it is far from the fact that there is anything at all connected with decentralization. I have personally seen many different platforms, both CEX and DEX, and I cannot say that someone is better and someone is worse. I can say one thing that some and others have a number of problems that need to be addressed.

Technically it all started with this very messageboard, didn't it? A few lads trying to peg BTC to the dollar and a guy who ordered some pizzas. It was technically decentralized, though highly reliant on trust. Centralized exchanges came after. Wink

Trust is an important factor and there's no point in having a DEX if it is not non-custodial and trustless off the bat.

Quote from: BTCXRPADA on December 03, 2020, 03:06:06 PM

Uniswap will be beaten by Stakenet once they go full public. There's a big chance of that as Stakenet provides a DEX offering BTC - ETH - LTC - Pretty much ALL assets to be sent instantly, and with very low fees. Pretty much gotta look and function like Binance, without being centralized.
2nd layer transactions will make sure transactions go through pretty much instantly, which is what this space needs for further adoption of the blockchain technology. Wink

I agree. From their latest article...

Quote

What makes Connext the best choice for our DEX infrastructure is their recently released protocol, Vector, a cross-chain routing network that can bounce between other L2s, ETH shards, primary blockchains and even EVM-compatible chains such as Binance smart chain, Ethereum classic, TOMO chain, and others.

Vector supports conditional transfers routed over intermediary nodes, instant cross-chain and cross-asset transactions, plugin support for non-EVM turing-complete chains, zkRollups, easy deposit/withdraw interface, and low gas costs. All of this is packaged in a lightweight program, containing no more than 2500 lines of code.

Other advantages of Connext are client stability, supporting all operating systems including Windows, and live support for ETH, USDT and DAI. All these mean we will be able to easily add further pairs once we successfully implement and test Vector protocol, making us the first DEX adding support for BTC/USDT and other crypto-stablecoin pairs, without any need for wrapped coins on Ethereum mainnet.

Absolutely nothing in this space compares to what XSN has been building this whole time if they can do instant cross-chain swaps between pairs like BTC/USDT, ETH, LINK, or even ETC.
https://medium.com/stakenet/ethereum-scalability-solutions-connext-and-stakenet-xsn-research-4edb29267bb6