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What are your assessment about the performance of this exchanges, do you see any exchange making any stride to compete with Binance by the end of 2024? Do you think ORCA can also maintain its position in the DEX world?
For me, Binance will stay in top 1 especially if they maintain their company to stay away from any regulation issue especially the SEC USA, which recently Changpeng Zhao (CZ) stepped down as CEO of Binance.
About the DEX, I am surprised with ORCA despite these layer-2 Decentralized Exchanges (DEX) deployed in multiple networks. As long as Solana is on top, ORCA will for sure be useful and able to continue maintain the trading volume.
Binance new CEO needs to work out modalities for the exchange to get back on track in many countries where their services is no longer available otherwise more regulatory compliant cex like Bitget will continue to get a larger share of the market share coming from those region.
As for ORCA,. As long as the exchange continue to offer minimum transaction fee and lower latency compared to ETH, they should be able to maintain that top spot.