Disclaimer: I'm an investor in both projects, so I'm biased. So recently I've been reading up A LOT on decentralized trading, and peer to peer transactions. All these complaints on KYC submissions on various exchanges makes me confident that DEX's is gonna blow up in the future. This is EXACTLY why I decided to buy into Komodo, since I believe they'll be a huge player in the next alt season. Their Atomic DEX provides peer to peer trading via atomic swaps, but their recent test transactions took about 9 minutes, and that's quite som time to sit and wait compared to centralized exchange trading, hence why I understand why people don't like the DEX solutions currently available.
Next we got Stakenet, who's building a Lightning DEX, providing offchain peer to peer transactions, with near instant transactions, and lower fees. Lightning hasn't been easy to implement on Bitcoin, and there's a lot of doubters, but from what I've seen, this looks extremely promising, for a lot of reasons:
1) Nobody needs to sync with the DEX to use it, since all the chains is held by the masternodes running the DEX.
2) No KYC
3) No Registration process, just straight trading.
Comparing these 2 projects is hard, but it's obvious that I'm actually starting to be way more bullish on Stakenet, since I believe instant transactions will make people actually USE the DEX.
Not a fan of the whole "Binance DEX", since it's not a DEX in the first place. All the transactions is verified by Binance themselves (they own all the nodes), which isn't decentralized at all.
I'll hold both projects, since Komodo is the "safer" investment for now I guess, but I'm sure Stakenet will eventually outperform them.
Thoughts?
I'd agree with your general sentiment.
Yes, Stakenet could potentially be very successful. But the amount of shills for this project that i've seen based off browsing this section of the forum is a bit too much for my liking in my personal opinion. It could just be investors, but it could also be official parties trying to use the forum as a guerilla marketing tactic.
Komodo on the other hand has been around for longer, and has had a proven team and track record. Perhaps lower returns, but much lower risk as well.