Decentralized exchange volumes hit $23.5 billion in September - page 2.

samcrypto

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Quote from: bigcash2011 on October 02, 2020, 02:36:46 PM

Uniswap has proven to be a game changer and revolutionary platform especially when we talk of decentralized exchange platforms. It is also a fact that due to the revenue earning part through yield farming this type of dexes are popular and market is seeing it as a X factor that gives it an edge over ots competitors.

DEX are indeed growing over the past years and the current updates of many projects helps them a lot.
UNISWAP made a great service despite of the doubt before. The volume increases because of many good projects listed on DEX and some investors prefer to remain anonymous. Well, CEX and DEX are both good, it will just depend of the preference of the users and where they think can earn more. I’m using DEX to trade some new good tokens, its good to have many options.

nira09

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Quote from: Renampun on October 02, 2020, 05:28:22 PM

Quote from: optimisticcm on October 02, 2020, 02:45:21 PM

I am really happy with how uniswap has performed over the period of last few months and it is now clearly evident that market is adopting this new trading model and rejecting the old methods of trading. Personally i was sick and tired of the gaps or spreads in the traditional trading platforms but instant swaps just give you peace of mind. Also yield farming or liquidity mining is great for longterm holders becausethey can easily make decent income while holding their favorite assets.

The drawback of UNISWAP is the very high fee...
I tried to swap on UNISWAP but was surprised by the fee that reached $ 12, this is really crazy. however, I think UNISWAP's heyday will end because of this high fee and some scam swap platforms.

Sometimes even more than $ 12 USD. trading on the DEX exchange is increasing due to the DeFi trend and a new token sale model (IDO) and some new tokens that hold IDO prices have increased several times so that many people are competing to join. we can see some projects about DeFi can raise a lot of money in a short time.

Renampun

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Quote from: optimisticcm on October 02, 2020, 02:45:21 PM

I am really happy with how uniswap has performed over the period of last few months and it is now clearly evident that market is adopting this new trading model and rejecting the old methods of trading. Personally i was sick and tired of the gaps or spreads in the traditional trading platforms but instant swaps just give you peace of mind. Also yield farming or liquidity mining is great for longterm holders becausethey can easily make decent income while holding their favorite assets.

The drawback of UNISWAP is the very high fee...
I tried to swap on UNISWAP but was surprised by the fee that reached $ 12, this is really crazy. however, I think UNISWAP's heyday will end because of this high fee and some scam swap platforms.

livingfree

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Quote from: eaLiTy on October 02, 2020, 12:31:10 PM

Quote from: desticy on October 02, 2020, 11:55:56 AM

Two leading decentralized exchanges made up most of September's volume, with Uniswap making up 65% and Curve making up 22%. Uniswap's volume grew by 128% on a month-to-month basis, most likely fueled by the launch of its governance token.

After reading the headline i was wondering whether the decentralized exchanges started to get the momentum they were lacking but to be frank i am disappointed that many people are not using these decentralized exchanges and the DeFi movement forced people to use these markets and it is a good thing as i hope people will start using and the volume remains like this in the future.

There is only one reason.

Many aren't ready yet to use a decentralized exchange. We are using centralized exchanges and due to comfortability, we don't want to get into a transition of getting to a decentralized if we have no problems with an exchange.

But soon, there will be additional volume once they see the importance of using it.

target

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$23B is an achievement for DEX, its not really big compare to the CEX but its good after all its just starting. Now with the Bitmex tragedy, I think more will come to the Defi platforms. Its growing constantly. The exchanges they count are just the ones on Ether DEX, there must be more outside ETH.

Quote from: tycsols on October 02, 2020, 02:41:36 PM

Quote from: desticy on October 02, 2020, 11:55:56 AM

Decentralized exchange volumes hit $23.5 billion in September

Data for September shows that decentralized exchanges saw more than $23 billion in trade volume for the month.

The approximately $23.5 billion in volume reflects a 103% month-over-month increase compared to August's $11.6 billion, according to data published by Dune Analytics, which tracks volumes in the DEX ecosystem. September's volume figure is higher than previously reported.

Two leading decentralized exchanges made up most of September's volume, with Uniswap making up 65% and Curve making up 22%. Uniswap's volume grew by 128% on a month-to-month basis, most likely fueled by the launch of its governance token.

https://www.theblockcrypto.com/linked/79715/decentralized-exchange-volume-september

These stats also goes to show the fact that old dexes along with the centralized exchange platforms both are losing considerable amount of volumes because people are now more involved into features like decentralization plus instant swaps plus yield farming plus AMM mechanism. This new model has really put the old platforms in trouble and i think this new model will dominate in future as well.

Its just easy to use the swapping, there is no need to choose which orders all it needs is connecting the wallets. I think the old platforms are also about to remodel, there are some that expressed their innovations already.

optimisticcm

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I am really happy with how uniswap has performed over the period of last few months and it is now clearly evident that market is adopting this new trading model and rejecting the old methods of trading. Personally i was sick and tired of the gaps or spreads in the traditional trading platforms but instant swaps just give you peace of mind. Also yield farming or liquidity mining is great for longterm holders becausethey can easily make decent income while holding their favorite assets.

tycsols

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Quote from: desticy on October 02, 2020, 11:55:56 AM

Decentralized exchange volumes hit $23.5 billion in September

Data for September shows that decentralized exchanges saw more than $23 billion in trade volume for the month.

The approximately $23.5 billion in volume reflects a 103% month-over-month increase compared to August's $11.6 billion, according to data published by Dune Analytics, which tracks volumes in the DEX ecosystem. September's volume figure is higher than previously reported.

Two leading decentralized exchanges made up most of September's volume, with Uniswap making up 65% and Curve making up 22%. Uniswap's volume grew by 128% on a month-to-month basis, most likely fueled by the launch of its governance token.

https://www.theblockcrypto.com/linked/79715/decentralized-exchange-volume-september

These stats also goes to show the fact that old dexes along with the centralized exchange platforms both are losing considerable amount of volumes because people are now more involved into features like decentralization plus instant swaps plus yield farming plus AMM mechanism. This new model has really put the old platforms in trouble and i think this new model will dominate in future as well.

bigcash2011

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Uniswap has proven to be a game changer and revolutionary platform especially when we talk of decentralized exchange platforms. It is also a fact that due to the revenue earning part through yield farming this type of dexes are popular and market is seeing it as a X factor that gives it an edge over ots competitors.

ryzaadit

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Quote from: semobo on October 02, 2020, 12:02:36 PM

-snip-

Nah could be down since there a lot DeFi projects turning into a scam, they exit scam and the price was down into the bottom. A few weeks ago, liquidity on Uniswap was down if i was not wrong because some action from Sushi Founder.

This era just same era like ICO, soon or latter they will ended same.

Febo

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Quote from: desticy on October 02, 2020, 11:55:56 AM

Two leading decentralized exchanges made up most of September's volume, with Uniswap making up 65% and Curve making up 22%. Uniswap's volume grew by 128% on a month-to-month basis, most likely fueled by the launch of its governance token.

Those are exchanges of Etehreum tokens. Such exchanges can easily be decentralised. There are plenty of them. Hard to make is decentralised exchange that will exchange a cryptocurrencies. Bitcoin with Monero. Or Euro with Doge. That are decentralised exchanges for me. This exchanges you are talking about are Etehreum asset exchanges.

travwill

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It seems that those who said a year ago that the future belongs to decentralized exchanges were right. Look how interesting things have coincided. First, Uniswap takes a huge share of the market and takes the lead, then we see the hack of the Kucoin exchange, now there are arrests and a case concerning the Bitmex exchange. In other words, everything that happens in every possible way shows us the danger of centralized exchanges.

eaLiTy

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Quote from: desticy on October 02, 2020, 11:55:56 AM

Two leading decentralized exchanges made up most of September's volume, with Uniswap making up 65% and Curve making up 22%. Uniswap's volume grew by 128% on a month-to-month basis, most likely fueled by the launch of its governance token.

After reading the headline i was wondering whether the decentralized exchanges started to get the momentum they were lacking but to be frank i am disappointed that many people are not using these decentralized exchanges and the DeFi movement forced people to use these markets and it is a good thing as i hope people will start using and the volume remains like this in the future.

semobo

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It will keep going on for the rest of the months in my opinion because Defi hype at its peak, lot of people are interested to trade on decentralized exchanges especially after that airdrop of UNI tokens from uniswap.People will be expecting such kind of airdrop from other decentralized exchange as well but the one important factor the transaction fees are getting out of control so it will be really hard to make profits while trading on decentralized exchange.

desticy

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Decentralized exchange volumes hit $23.5 billion in September

Data for September shows that decentralized exchanges saw more than $23 billion in trade volume for the month.

The approximately $23.5 billion in volume reflects a 103% month-over-month increase compared to August's $11.6 billion, according to data published by Dune Analytics, which tracks volumes in the DEX ecosystem. September's volume figure is higher than previously reported.

Two leading decentralized exchanges made up most of September's volume, with Uniswap making up 65% and Curve making up 22%. Uniswap's volume grew by 128% on a month-to-month basis, most likely fueled by the launch of its governance token.

https://www.theblockcrypto.com/linked/79715/decentralized-exchange-volume-september

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