agree with you, i also think that the real future lay in the defi exchanges - they just need some time to became technically qualitative and centralized exchanges wouldnt be popular at all
agree with u, and as for now I prefer even to invest more in dex projects. seraching them everyday)) 
Topic: (Yes or NO) The 2020s belong to DEXs - page 3. (Read 5564 times)
DeFi projects and DEX are big failure this year, that's my own answer because majority of DeFi projects are scam and the little DeFi projects that have something good ended up been hacked, the word decentralization is nothing but a big joke in crypto space now, even Uniswap was able to gain attention because of DeFi tokens, once the hype was over uniswap goes down too and now many tokens are been cloned on uniswap, still asking if DEX owns this 2020? It's a big no
Through out the year I only noticed balancer and uniswap as the most performing DEXs and now that the year is almost over their performance are going lower too simply because of many fake DeFi projects that dumps significantly or even exit scam, Uniswap had a very huge volume while DeFi hype was still alive weeks ago but now things have changed, it just looks like DEX success always have low life span
agree with you, i also think that the real future lay in the defi exchanges - they just need some time to became technically qualitative and centralized exchanges wouldnt be popular at all
The answer is NO, 2020 still belongs to centralized exchanges, decentralized projects are very popular in 2020 but it comes with full disaster, too many DeFi projects are failing or probably get hacked easily, and DEX exchanges have too many complains and only centralized platform see less bad results this year, if I recall correctly only Kucoin got hacked
It must be admitted that DEX such as Uniswap is growing very rapidly in 2020 and the transaction value is very high, even exceeding the transaction value of several Centralized exchangers. I think DEX will continue to grow because of the easier and faster transactions.
Uniswap is trash because it's only able to do on-chain transactions, which is very expensive. Stakenet's 2nd layer DEX will offer instant BTC + ETH trading with next to 0 fees. It's gonna work exactly the same way as a CEX, however you stay in control of your own private keys.
Liquidity providers will make sure you can access the order books of every major exchange, meaning you'll have more liquidity options than Binance itself, since you'll be able to access pretty much all orderbooks in the world, from one single dApp.
Uniswap has some very important things going for it.
Namely, that they 1.) have multiple hosts in the event that a centralized host like Cloudflare goes down on them again, and 2.) it has significantly helped drive DEX adoption.
In that regard, it's done an excellent job.
Stakenet DEX definitely has a competitive edge over it because it's really easy to use and offers a DeFi solution for Bitcoin that maxis could very well go nuts over in addition to ERC interoperability, but I'll give Uniswap credit where it is due. I think its ability to draw in so many people will directly benefit Stakenet and other L2 solutions.
The answer is NO, 2020 still belongs to centralized exchanges, decentralized projects are very popular in 2020 but it comes with full disaster, too many DeFi projects are failing or probably get hacked easily, and DEX exchanges have too many complains and only centralized platform see less bad results this year, if I recall correctly only Kucoin got hacked
It must be admitted that DEX such as Uniswap is growing very rapidly in 2020 and the transaction value is very high, even exceeding the transaction value of several Centralized exchangers. I think DEX will continue to grow because of the easier and faster transactions.
Uniswap is trash because it's only able to do on-chain transactions, which is very expensive. Stakenet's 2nd layer DEX will offer instant BTC + ETH trading with next to 0 fees. It's gonna work exactly the same way as a CEX, however you stay in control of your own private keys.
Liquidity providers will make sure you can access the order books of every major exchange, meaning you'll have more liquidity options than Binance itself, since you'll be able to access pretty much all orderbooks in the world, from one single dApp.
UNISWAP is the most popular DEX platform this year but the DEX make it that big because of DeFi hype but still scammers have lower the credibility of the exchange, they started creating scam tokens and cloned tokens to scam people on UNISWAP, this is something that can't happen on Centralized exchanges.
The answer is NO, 2020 still belongs to centralized exchanges, decentralized projects are very popular in 2020 but it comes with full disaster, too many DeFi projects are failing or probably get hacked easily, and DEX exchanges have too many complains and only centralized platform see less bad results this year, if I recall correctly only Kucoin got hacked
Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?
Wow, didn't realise this post is 1 year ago
Although DEX didn't dominant and convert all people from CEX to DEXs
But we still see good progress
Uniswap/Balancer are all doing fine
This also create new market opportunity like Defi lending market(no central organization controlling), Defi margin trading, Defi Options and more
Uniswap got popular but too many people complain about transaction fees, which makes sense. Gonna be interesting to see if XSN can pull it off with their new Connext partnership.
The popularity of UNISWAP just formed recently when the team conducted a profitable airdrop. The strategy was successful, from that UNISWAP become bigger and crypto enthusiastics talks about UNI. The effect, now mostly of the project are in UNI. I guess UNI win the popular DEX and have a huge profit.
I agree, but Uniswap is still the number one decentralized exchange in 2020, although many others have followed suit but the volume at Uniswap is growing
Yes, and that's because the Uniswap exchange was more popular this year than other exchanges so that the volume on Uniswap continues to increase over time, especially now that many new projects are adding their tokens to Uniswap. When up-and-coming DEXs become more convenient than Binance...
Projects like:
Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...
Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?
Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?
I think the days of centralized figureheads acting as gatekeepers are numbered.
Why is bithumb on the list of DEX? Bithumb is a fully centralized crypto exchange, I don't know where you get that from, anyways, this year so far only Uniswap DEX did very well and that's even because of DeFi projects success and after DeFi Hypes goes down Uniswap sharply lose large amount of Liquidity and volume, is this year really belongs to DEX? The answer is no Projects like:
Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...
Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?
Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?
I think the days of centralized figureheads acting as gatekeepers are numbered.
Well I won't be so direct with a yes or no, decentralized exchanges(dex) are still building, they are still like new and lacking being in not just volumes of but also some few things only Cex can provide.
Uniswap got popular but too many people complain about transaction fees, which makes sense. Gonna be interesting to see if XSN can pull it off with their new Connext partnership.
I agree, but Uniswap is still the number one decentralized exchange in 2020, although many others have followed suit but the volume at Uniswap is growing
The fact that Uniswap is doing so well despite the inherent shortcomings it has convinces me that Stakenet DEX will gain adoption.
I agree, but Uniswap is still the number one decentralized exchange in 2020, although many others have followed suit but the volume at Uniswap is growing
Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?
Wow, didn't realise this post is 1 year ago
Although DEX didn't dominant and convert all people from CEX to DEXs
But we still see good progress
Uniswap/Balancer are all doing fine
This also create new market opportunity like Defi lending market(no central organization controlling), Defi margin trading, Defi Options and more
Uniswap got popular but too many people complain about transaction fees, which makes sense. Gonna be interesting to see if XSN can pull it off with their new Connext partnership.
Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?
Wow, didn't realise this post is 1 year ago
Although DEX didn't dominant and convert all people from CEX to DEXs
But we still see good progress
Uniswap/Balancer are all doing fine
This also create new market opportunity like Defi lending market(no central organization controlling), Defi margin trading, Defi Options and more
Remember the prominent CEXs of 2016? By the end of 2017, how many of them became irrelevant or took a backseat?
I expect the same thing to happen, but with DEXs overtaking CEXs save for a few tiny niches.
Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?
Wow, didn't realise this post is 1 year ago
Although DEX didn't dominant and convert all people from CEX to DEXs
But we still see good progress
Uniswap/Balancer are all doing fine
This also create new market opportunity like Defi lending market(no central organization controlling), Defi margin trading, Defi Options and more
yes DEX is amazing this year, Uniswap one of them, Uniswap volume went up high in Q3-Q4 2020 because of Fomo from Defi,
and made DEX a good place for Defi tokens, without listing fees of course. maybe the DEX era will survive until next year.
Moreover, many centralized exchanges have had security issues this year, and this has made the DEX even more extraordinary.
and made DEX a good place for Defi tokens, without listing fees of course. maybe the DEX era will survive until next year.
Moreover, many centralized exchanges have had security issues this year, and this has made the DEX even more extraordinary.
I don't think 2020 belongs to DEX. Because it still has a long way run to go to beat the current top centralized exchanges. Indeed DEX did improve a lot in past year but still lacks behind in few things which can only be provided by CEX. But when Dex improves their platform or service in the market that might be the reason for them to rise above others in the future.
Nothing is completely safe in the crypto world. Yes, Dex is safer than Cex but it would be a disaster if you lost your private key and Cex, we don't worry about that because it doesn't need private key.. Even in Dex safe but for me Cex is still my favorite, huge volume, lots of coin/token, good support, etc
The 2020s belong to DEXs ? i don't think so
The 2020s belong to DEXs ? i don't think so
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