Topic: (Yes or NO) The 2020s belong to DEXs - page 4. (Read 5546 times)

There's no doubting CEXs influence and place in the market, but innovation appears to be finding itself on the DEX side of things more and more everyday.

all of the above Dexs are well worth a try and trade there. But you need to know that the current Cryptocurrency market is a price-making market. Of course, no Dex will be able to satisfy whales' manipulation.
although Dex may really shine in the years to come, Cex is sure to outperform.
Besides the decentralized market nature, there are still more functions in Binance than the Dexs nowadays. Even with lower fee and higher volume, then traders will definitely choose Binance to trade better.
Therefore, Cex still has an important influence in this market, do not reject it and look at reality to make more accurate conclusions.

Yes, UNISWAP is one dex platform truly becoming a good platform and even added to the active market right now with bitcoin market price per btc leap to almost 15,500 $ and this could be a good indicator that we are heading towards bull run for bitcoin. How much could it done in this possie bull run.

There are other DEX project too and I think they are doing fine as well.

Answer is yes because I invested on one project and this project is related energy and power so after long term they changed their mind and now they are going to launch own DEX platform where we can easily exchange tokens so I am not aware of other projects who also launch DEX or many other dex project coming so we can say 2020 belongs to DEX.

Maybe Yes, like example Uniswap Platform is really great but we can't say Same with other DEX, another thing is most of DEX only support erc20 token and there is no way to trade assets from other chains, one can easily exchange their erc20 tokens to eth or another token. but for now uniswap DEX always has high trading volume even though the fees there are high.

In 2020? No, but it looks like very soon DEX will take over CEX, today I saw a news about government trying to use the law to force centralized exchanges to give up their users data, if this finally gets approved many will quit using centralized exchanges and move fully onto DEX

before DEX Boomings in 2020, many users were not very fond of trading there for several reasons especially the high withdrawal fees. however, after unforeseen events like the UNI Airdrop has become a major concern for traders. people are getting interested in using uniswap DEX, many new projects are listed on their platform and it can be said that 2020 is the year of DEX.

This is due to the hype of DEFI projects,back from the beginning of the year, it was Binance DEX which was so high but it failed to proved us that it will lead the DEX market, until now, its volume did not grow, now only below $500k (https://coinmarketcap.com/exchanges/binance-dex/), compared to uniswap which has over $200 million in trading volume.

The king of dex in 2020 is uniswap as it's owns the highest liquidity among all other dex exchanges in crypto space, well thanks to DeFi Hypes since few months ago but now it's done after DeFi projects lose their bullshit touch, this year biggest volume and liquidity belongs to centralized exchanges not Dex

It's true. I missed a few ETH-based DEXs at the time. I thought about adding them in at a later point but decided to leave the original post as it is.

Uniswap did remarkably well over the summer. It was a great way for people to get into DEXs but it was pushed to it's limits very quickly imo.

Bitcoin was intended to be P2P cash and Ethereum was intended to execute smart contracts written in Solidity.
Neither of their blockchains create an optimal environment for running a DEX as they weren't initially designed for it. Uniswap put quite a bit of stress on Ethereum.
ETH 2.0 has the potential to be considerably more powerful, but I don't see how it can attain a fluid level of interoperability without using wrapped assets.

There's a reason I've been talking up Stakenet DEX this whole time. 

Bitcoin needs Lightning Network as a "relief valve" for on-chain congestion. With a proper L2 solution in place, BTC will be very effective at serving it's original purpose as P2P cash. Transfers instant. Fees very low.
Ethereum could equally benefit from relieving it's on-chain tx with a Layer 2 solution like Raiden.

Stakenet DEX has been working towards a fluid, native interoperability on Layer 2 since 2018 - long before there was a demand for DEXs, long before people started adopting them in large numbers, and long before they began to realize the shortcomings of using Layer 1 as the platform for executing a flood of trades. Executing atomic swaps on-chain, while inherently secure, is considerably more expensive and, as demonstrated by Uniswap, leads to rather high rates of failure. Imagine if Uniswap was handling Binance's level of volume in addition to bots that trade quickly and maniacally! It would greatly burden the chains involved in and detract them from their original, intended purposes.

As Stakenet has continued to build on this model, a few others have followed suit. Uniswap itself has been looking at Layer 2 to help scale out. It is, however, still bound to Ethereum.
Stakenet/XSN is fast on L1, code-agnostic, Lightning compatible (BTC/LTC and all LN compatibles), Raiden compatible (ETH/ERC20), and flexibly adaptable (more/better L2 solutions can be adopted and implemented). At it's core, XSN was designed to do exactly what it's doing - bridging different chains with different purposes speaking different languages together so they can achieve a more harmonious level of interoperability between each other, and offsetting as much unnecessary stress from Layer 1 as possible.

It is increasingly important over time that both BTC's L1 and ETH's L1 are as optimized as possible! Otherwise, they will both run into scaling problems fast. Remember in 2017 when crypto really started to take off and then Bitcoin tx started taking hours upon hours to clear? It will only hinder crypto's growth.

Stakenet DEX went into open beta in late August after a lot of stress-testing. The open beta currently executes L2 atomic swaps between Bitcoin, Litecoin, and XSN. L2 atomic swaps between BTC and ETH are being stress-tested in private beta and should be coming rather shortly. 
They're also stress-testing a Uniswap-like interface now known as the "Simple Swap UI" - SSUI for short, where all you have to do is deposit to a private wallet, choose the coin you want to swap into, and press a "swap" button to execute the tx. I've tested it personally and am very excited to see the impact it can have on this industry. There's a very promising future ahead for this sort of technology!

I think people don't easily use any kind of exchange, be it decentralized or centralized.
Of course the exchanges used already have public trust. Binance is a centralized exchange that is already trusted by crypto users, and many other centralized exchanges. If it is unbelievable for the easy reason of freezing, then it has already happened, but it is not.
Talking crypto is trust, because crypto is anonymous.

I for one don't accept that DEXs will essentially sprout into boundless selection out of nowhere. The truth of the matter is that cross stage and fiat mix is as yet missing notwithstanding the best endeavors of DEX suppliers to make their own stablecoins or token portrayals of altcoins that are not on their foundation. Accordingly, it's hard for individuals to turn down exceptionally develop incorporated innovation and move to finish decentralization in this field inside a year.
Notwithstanding, I do feel that in the short run, they can produce some publicity. Particularly on account of a potential wide based buyer market in 2020.

There is not a single cryptocurrency exchange out there, which we can trust 100%. I have lost my cryptocurrency holdings with multiple exchanges. The mainstream exchanges also need to understand this. Why can't they allow us to own our coins. After all, these exchanges are just trading platforms. Why they should always ask for keeping the coins in their hot wallets?

That's one thing and because of this incident, the way people see the Dex exchange right now is way better than the centralized exchanged which is often get hack. right now, we have many people who prepared Dex exchange rather than the one who supposed to be the most secured and trusted but everything change when the incident of Kucoin has come. Most of the investors have changed their strategies on not putting their trust in some centralized exchanges except for few exceptions namely few like Binance, Okex, and other top centralized exchanges.

The majority of the community now in cryptocurrency believed that DEX is really better than anyone else. Even centralized exchange always listed on top in the market. Although, I believed that DEX is really good.  But of course for us to earn in a good way We also need to ride with the flow in the market as well. Therefore, all you had mentioned are all true and correct.

Looks like the OP did not know about Uniswap I know Uni is already live prior to creating this thread its not on the list but its one of the most used and huge in volume this time the only problem is the trading cost because of eth network  we need a dex which has cheap cost and can do cross chain trading with huge liquidity.

Going back to the thread that was created back 2019, the answer is YES 2020 really belong to the DEX and the Decentralized Finance and there's a possibility that the trend will continue this 2021, because of the success of UNISWAP and the many projects that are hooked up in Decentralized finance.

Maybe. I know at this moment Dec gain some higher using rate. Dex based coins are pumping. Same thigh happened in 2017-2018 almost every big exchange announced or publish their Dex. But that hyped gone. Now defi is in hype and for that some exchanges specially dexes are in hype. But I think in time few of these dex will survive and others are not gonna work in long run. That's just my opinion. Now it's upto you you follow them all or not.

I see DEX is trending and that is the solution to avoid the market makers manipulating the rates and generating dump and pumps.
For years centralized exchanges have been pumped altcoin to attract traders, they listed tokens, coins and made great profits, transaction costs on centralized exchanges have also gone up significantly. tell.
DEXs make things more transparent. We have real volumes, the listed projects are more equal and there is no cost for enumeration. That money will save the project owner and they will have more money to do something cool in the future. Transaction costs will be given to the liquidity providers. DEXs also make traders' money safer because it doesn't move to a hot wallet. That will avoid the big hack that is not worth it.

KMD. Just remembered me, I have registered there for a long time. But it has been a long time since I signed into the KMD account.

With the atomic swap function, I think KMD is worth taking into account in the Dex exchange.