Not just 4 years ago but more than that and it was also taken into notice about these dexes. I still remember some of them that became popular but then didn't contain the competition because it's tough. Most of the old Dexes were already forgotten but they were made and used more than 4 years ago contradicting what you've said that they were in existence since 4 years ago. Well, their growth is true. Many of them even if just made a couple of years ago, they've become popular and that's the roots of decentralization that are being completed and continued. But then talking about FTX, there have been news that they're on recovery and looking forward to their comeback but asking people in here about if they'll still use them, I doubt it that many will obliged.
I think we already have over 10 billion dollars in all of DEX total as well, so it is not really a weird situation to be in. Obviously we are not going to see that in trading volume just yet, but we are seeing it in LP which is all that matters to me, it means that it can cover so much very easily. We are going to see it grow, we are not going to see CEX going away, that will stay as well.Remember that crypto market is a growing one, so we could see CEX and DEX grow together thanks to market growing as well, some people will move from CEX to DEX whereas CEX's will find new people to join instead of them. This is how the market will continue to grow, it will allow us to do a lot better and surely that is a bright future for all crypto investors.
It's a long journey for the dexes to finally be preferred by most customers and replace the usage of CEX. There's so much comfortability that CEXes offer and that's why we're also in there. No doubt that they're easy and comfortable no matter what are the fees they make because they're not far from each other. While the DEX, the news that's on them isn't good because we often see news about being hacked and exploited by some of their codes.
DEXes operate on a decentralized, trustless network, which makes them less vulnerable to attacks and less susceptible to censorship. While there have been reports of hacking and code exploits in the past, many DEXes have taken steps to improve their security protocols and minimize these risks. In fact, some argue that the transparency and accountability inherent in the decentralized model actually make DEXes more secure than their centralized counterparts.
