I am not sure DeFi isn't even a thing for a while now, you cam too late bud...
DEX which has potential too but the chain looks completely new so I am not sure how their security in capable of holding the smart contracts but why not, if it can attract people still it's going to be something.
But let me remind you of some facts, even the most popular DEX doesn't even come close to the worst Centralized exchange regarding trading volume.
Topic: Beyond Centralized Exchanges: Finding Value in DEXs and DeFi Projects (Read 37 times)
May 22, 2024, 04:03:48 PM
Hey everyone! I recently started exploring the fascinating world of decentralized finance (DeFi) and decentralized exchanges (DEXs). One thing that struck me is just how much trading volume some of the top DEXs are handling across different token pairs. DeFi is clearly not just a passing fad - it's a rapidly evolving ecosystem with massive amounts of capital flowing through it daily.
After soaking up as much information as I could, I finally started dipping my toes into some DeFi deals that seemed reasonable for my risk tolerance. But now I'm ready to take things up a notch by getting into some DeFi-focused trading opportunities.
I was reading an article on X and came across SaucerSwap which is ready to be a decentralized exchange built on the Hedera network. The platform aims to offer a comprehensive suite of DeFi services to facilitate the deployment of projects within Hedera's ecosystem and drive its growth.
I'm still researching and assessing the fundamentals of SaucerSwap, but the concept of a DEX natively built for the Hedera blockchain is intriguing. Hedera itself has been making waves as an enterprise-grade distributed ledger, so a project like SaucerSwap could potentially play a vital role in expanding DeFi capabilities on that network.
If any of you have insights or thoughts to share on SaucerSwap or other up-and-coming DeFi/DEX projects you're tracking, I'm all ears!
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