Quote from: Jackl87 on Today at 05:58:55 PM

Quote from: Kalchef on March 21, 2023, 11:51:00 AM

Guys do not sleep on new decentralized exchanges out there, they are growing very fast and their TVL is eye-catching, I think Dex tokens will make good profits in the next bull market, here are my favorite dex tokens.
1. GMX 2. GNS 3. VeloDrome 4. ZigZag 5. Perp protocol
Waiting to here from you guys which dex token is the best on your radar as we speak.

Recently i followed the messages of some people on telegram, that have invested into Oreo-Swap and Zyberswap. Both Dexes are based on the Arbitrum-chain if i remember correctly. Both of those people invested very early into those projects and especially the guy that invested into Zyberswap made a huge amount of money. If i remember correctly, he invested 3000$ and made way more than 200k $ profit, because the farms were paying such a high APY and obviously the price of the token did pump for a few weeks.
It is also obvious though, that after a few weeks the price began to dump heavily because such high APY's are just not sustainable for more than a few weeks.
So i would guess that 9 out of 10 new Dexes never really take off and the other 10% are only really hot for a few weeks then they crumble.

High APY will end up killing any project, this is what makes altcoins very risky, and not all Dex will survive, there are just too many dex right now, there is GMX and Vela too, I don't if this numbers of Dexs are really needed, oh I almost forget about Integral, they are high risk and I advise everyone to be cautious with them.