DEXs such as Uniswap and PancakeSwap have already gained significant popularity in the crypto community,
and are known for their innovative features such as automated market makers (AMMs) and yield farming.
It's possible that these types of DEXs could continue to gain traction as more users become familiar with them and their unique advantages
Topic: What's your opinion on the future of Decentralised exchanges - page 2. (Read 1380 times)
Decentralized exchanges will do well in coming years, people have seen how the SEC became a big headache for crypto exchange giants this year, the best time to switch for Decentralized exchnages is now, that's why projects like GMX, GNS, and others are growing fast In 2023, their TVL is very attracting, I recommend these two decentralized exchange if you are looking for a good one.
Decentralized exchanges are becoming popular nowadays. Currently the number of DEX is also increasing day by day. But I would still put centralized exchanges ahead of DEX. Trading on CEX is easier than DEX. Also some CEX like Binance, Kucoin can do P2P trading which is not yet possible in DEX.
Isn't "atomic swaps" some kind of decentralized P2P trading? You just send one crypto to another person with the hopes of receiving the other coin in an automated manner (all through the Blockchain). The only downside is that you can't trade Fiat like you do in a traditional P2P exchange. But who needs Fiat, anyways? DEXs may have their own set of issues, but they're still a safer choice than trusting a CEX with your hard-earned money.
I believe governments will tighten crypto regulations which will result in a stricter set of rules for CEXs. People are already starting to become skeptical of CEXs, so it should only be a matter of time before adoption for DEXs increase like crazy. Who knows if someday DEXs will become as comparable as their centralized counterparts in terms of user-friendliness and cost-efficiency? Just my thoughts
It is possible that decentralized exchanges will receive more attention after FTX secrets are revealed, but this will depend on how these secrets are used and what consequences they may have for users of centralized exchanges. However, the trust of users in decentralized exchanges depends not only on the disclosure of the secrets of centralized exchanges, but also on how safe and convenient decentralized exchanges are to use. Decentralized exchanges have their advantages, such as the lack of a single control center, higher security, and open code, but they may also have some limitations, such as a more complex interface and lower liquidity.
Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂 but it seems like Uniswap and Pancake will take the lead in near future?
We really live in a great contradiction. Of course, there are some logical reasons for this, but right now decentralized exchanges should be more popular and have market dominance. I'd like decentralized exchanges to be in a better position, but I don't have an optimistic forecast when I'm realistic. 
If the features provided by cex like diversity, convenience and etc are in dex maybe everyone will switch to dex exchange basically everyone expects cex to have a good level of security otherwise dex has to be more advanced. dex technology must be developed again because traders and investors need convenience, privacy, maximum security, low costs and large liquidity
The FTX saga only gave cex a dent in trust. Even if a lot of liquidity moved to Dex platform the big chunk of day-to-day trading volume still happen on Cex. People are now more wary and aware of the dangers associated with having asset in a cex wallet but it doesn't stop them from trading there.
The Cex and Dex exchanges have the same goal, which is to provide services and convenience for traders and investors.
I like Decentralized exchanges because all control is in the hands of the users, no KYC needed and Fiat transactions can be done by P2P.
However I can learn from Dex like Etherdelta and Forkdelta, the developer had a bit of trouble with the rules and currently the exchange is closed
I like Decentralized exchanges because all control is in the hands of the users, no KYC needed and Fiat transactions can be done by P2P.
However I can learn from Dex like Etherdelta and Forkdelta, the developer had a bit of trouble with the rules and currently the exchange is closed
Will decentralised exchanges get more attention now that FTX secrets is all out? Will people now trust decentralised exchanges more than centralised exchanges? Cos the only thing still standing tall right now is Binance, I believe this is the only CEX people still give full face 😂 but it seems like Uniswap and Pancake will take the lead in near future?
Decentralized exchanges are becoming popular nowadays. Currently the number of DEX is also increasing day by day. But I would still put centralized exchanges ahead of DEX. Trading on CEX is easier than DEX. Also some CEX like Binance, Kucoin can do P2P trading which is not yet possible in DEX. I love mere existence of decentralized exchanges so far. But it is very hard for me to say that we need more decentralized exchanges in crypto world. Uniswap and Pancakeswap seem enough for me. I used them both. Especially experience with pancakeswap is so good and easy, user interface is so eye-candy. I wish they develop more things on dexes tho. Other than pools and farming I want opportunity with different topics, like airdrops, nfts, contests and such.
There's been a lot of crackdowns into the crypto industry by mainstream governments (especially the US), so the more DEXs we have, the better it'll be for crypto/Blockchain tech in the long run. KYC is all over the place, hence the only solution would be to use a DEX that's outside the scope of the government. People are starting to recognize the inherent flaws of centralized exchanges (CEXs), so it should only be a matter of time before DEXs grow in terms of popularity and mainstream acceptance. Of course, we cannot deny the fact that fees are extremely-high on a DEX compared to a traditional CEX. Not to mention, CEXs have a better user experience and greater liquidity/trading volume than a DEX.
But I believe things will get better in the long run, as developers work hard on scaling techniques to help increase the transaction capacity of Blockchain networks. With L2 scaling solutions, you can say goodbye to CEXs for good. Who knows how far DEXs will go in the future? Just my thoughts
Decentralized exchanges have been gaining popularity due to their transparency, security, and lack of central authority. While Binance is still a popular choice for many, the shift towards decentralized exchanges such as Uniswap and PancakeSwap may continue as users seek a more secure and reliable option.
Both will always be there to complement each other, there is no need to compare which one will be at the forefront of the two because everyone has different preferences, those who like speed in transactions due to high trading volume will choose CEX, which is more concerned with security, will choose DEX, and traders will consider which of the two will provide more profit, for example transaction fees and others which can sometimes become obstacles in transactions.
If CEX is going to fail in the future it will be in a slow movement, gradually people will keep losing interest in CEX and they will start paying more attention to DEX, but right now Binance exchange is still giving people hope, that CEX is not going away anytime soon, we know that Binance is more reliable than any FTX, if something happens to Binance Exchange there will be no single trust left to back CEX.
Decentralized exchanges have been gaining popularity due to their transparency, security, and lack of central authority. While Binance is still a popular choice for many, the shift towards decentralized exchanges such as Uniswap and PancakeSwap may continue as users seek a more secure and reliable option.
Both will always be there to complement each other, there is no need to compare which one will be at the forefront of the two because everyone has different preferences, those who like speed in transactions due to high trading volume will choose CEX, which is more concerned with security, will choose DEX, and traders will consider which of the two will provide more profit, for example transaction fees and others which can sometimes become obstacles in transactions.
The future is brighter for decentralized exchanges, you can easily tell by using the defillama website to track how many volumes are entering into decentralized exchanges, the number has grown higher a few weeks after FTX craziness ongoing, I think people are now realizing how important decentralized exchanges compare to centralized exchanges.
Decentralised exchanges will be here forever and will have different kinds of better features with time. Because more developers are getting to have more knowledge on how to make exchanges work well without funds being controlled by any centralised entity. Also, we are now having different kinds of decentralised exchanges which is making it look like the improvement we are expecting are beginning to come.
People will still trust well-known exchanges such as Binance for example. Because there is a large selection of pairs to trade and more options compared to dex. It's just that users might be careful not to store large sums there.
I think, the future of Decentralized exchange looks promising as it offers several advantages over centralized exchanges. However, there are still some challenges that need to be overcome to make it more accessible and secure. As technology is constantly evolving, it is important to keep an eye on new developments and innovations in this space.
I think marketing is the most important one. Even though we say that it is decentralized, there is this small profit that goes towards the team that built it, and that profit should be used to market it a lot better.You think things like pancakeswap, which is the biggest decentralized exchange in the BNB world, has no profits? They take a cut from every single trade made there, they can't intervene, they do not have any control, that is why it's decentralized, but they still do get a cut which is their profit, which was in billions last I checked. If they start spending that money, spend even just 100 million, which they can afford to, they could do marketing beyond anyone's measure, it would be all over the world.
I love mere existence of decentralized exchanges so far. But it is very hard for me to say that we need more decentralized exchanges in crypto world. Uniswap and Pancakeswap seem enough for me. I used them both. Especially experience with pancakeswap is so good and easy, user interface is so eye-candy. I wish they develop more things on dexes tho. Other than pools and farming I want opportunity with different topics, like airdrops, nfts, contests and such.
There is no good growth in dex volume so far, the likes of GNS and GMX exchange are increasing in volume but not close to those you can find on swap platforms like Uniswap and 1inch, it seems people just like Centralised exchanges more than Dex even if they don't trust them as much, the usability of centralized exchange can't be compared to that of Dexs.
I think, the future of Decentralized exchange looks promising as it offers several advantages over centralized exchanges. However, there are still some challenges that need to be overcome to make it more accessible and secure. As technology is constantly evolving, it is important to keep an eye on new developments and innovations in this space.
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