(Yes or NO) The 2020s belong to DEXs - page 5.

nightflightcourt

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Quote from: 3meek on September 30, 2020, 12:18:50 PM

Quote from: Plinteng on September 30, 2020, 12:03:35 PM

as an example,Binance is a centralized exchange and they've built the confidence from the people and the incident that happened of them with hacking, they've refunded those who are affected but not every exchange can do this.
Many centralized exchanges has a good volume that's why many are staying on their side and as for the other DEX, many of them too doesn't have a good volume so that's why traders are wanting to get into those centralized exchanges with volume which their coins are listed.

Partly you are right, at the moment there is no convenient DEX exchange, but I am sure that the future belongs to them! When you do not need to trust your funds to a third party... In my favorites - Komodo DEX, with the function of atomic swaps!

Haven't heard much from KMD in awhile. Good to hear they're doing ok.

3meek

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Quote from: Plinteng on September 30, 2020, 12:03:35 PM

as an example,Binance is a centralized exchange and they've built the confidence from the people and the incident that happened of them with hacking, they've refunded those who are affected but not every exchange can do this.
Many centralized exchanges has a good volume that's why many are staying on their side and as for the other DEX, many of them too doesn't have a good volume so that's why traders are wanting to get into those centralized exchanges with volume which their coins are listed.

Partly you are right, at the moment there is no convenient DEX exchange, but I am sure that the future belongs to them! When you do not need to trust your funds to a third party... In my favorites - Komodo DEX, with the function of atomic swaps!

cepot9

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Now that's really happening, mid-2020 everyone started getting on DeFi and now it's become hype. But in my opinion there is still a need for improvement because this really costs a lot of transactions.

Plinteng

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as an example,Binance is a centralized exchange and they've built the confidence from the people and the incident that happened of them with hacking, they've refunded those who are affected but not every exchange can do this.
Many centralized exchanges has a good volume that's why many are staying on their side and as for the other DEX, many of them too doesn't have a good volume so that's why traders are wanting to get into those centralized exchanges with volume which their coins are listed.

Crypto_lion

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I think the kucoin hack is only going to accelerate the movement towards DEXs. The only issue I see now is the high transaction fee and the user interface which can be made simple for novice users.

bigcash2011

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Obviously dexes are the future but at the moment amm based instant swap dexes are dominating everything while traditional dexes like forkdelta and idex are struggling as well. So looks like this trend will grow especially because of the money making aspect of these dexes.

3meek

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God, save BTC!

By the way, it is possible that after the last serious hacking of Kucoin you will get bad advertising for DEX , because on Uniswap sold the stolen... And if we consider the situation, the liquidity providers on the exchange can be attributed to accomplices, because their addresses were involved with the addresses of hackers... Grin

Ziskinberg

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We will be soon in the last quarter of the year, I think there's not much time to make some magic for the DEX, so it's safe to assume that 2020 does not belong to the DEX, if Binance DEX were able to make some hype then it could have affected other DEX, but it didn't happen, not even in a short period.

Roidz

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Quote from: Nick J. on September 24, 2020, 09:27:09 AM

Quote from: 2bfree on September 21, 2020, 04:43:39 PM

I hope DEX-es win because I lost tokens on 3 centralized platforms already. I hate dealing with them changing rules as they see fit and also 2 shut down and stole the money one in New Zeleand. It sucks I hope they are gone soon!

Yes i lost coins on Cryptopia too.
But it looks like we will get them back this time. A RARE case when it comes to losing coins on a CEX.
So Dex`s is def the way forward and most people will learn it the easy or the hard way. But they WILL learn.

I hope what you hope will happen, but in my opinion it will not happen in 2020, because we can see how many deficiencies are also shared by some dex exchange platforms and I think dex will not be better than current cex. This, of course, dex and cex also have their own advantages and disadvantages, but we can choose which one is the best for us, whether dex or cex at the moment.

Nick J.

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Quote from: 2bfree on September 21, 2020, 04:43:39 PM

I hope DEX-es win because I lost tokens on 3 centralized platforms already. I hate dealing with them changing rules as they see fit and also 2 shut down and stole the money one in New Zeleand. It sucks I hope they are gone soon!

Yes i lost coins on Cryptopia too.
But it looks like we will get them back this time. A RARE case when it comes to losing coins on a CEX.
So Dex`s is def the way forward and most people will learn it the easy or the hard way. But they WILL learn.

2bfree

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I hope DEX-es win because I lost tokens on 3 centralized platforms already. I hate dealing with them changing rules as they see fit and also 2 shut down and stole the money one in New Zeleand. It sucks I hope they are gone soon!

Nick J.

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Quote from: Shasha80 on September 15, 2020, 07:41:29 PM

I doubt that 2020 DEX will be able to beat CEX, because based on the data I saw on the coinmarketcap site.
CEX still has a higher volume than DEX, also the number of coins listed on CEX is still more. So CEX is still more
popular and is still widely used by traders, DEX still has a long way to go in order to beat CEX.

You are clearly missing the point.
There are MANY ways Dex`s are already beating CEX`s.
A Dex like Stakenet Dex does not require KYC and will not do so regardless of the amount you move around. Thats ONE way of beating a CEX.
Next one is being NONE CUSTODIAL. Stakenet Dex for instance does not hold your keys. A CEX does and not your keys not your coins. Second way of BEATING the CEX`s.
Stakenet Dex runs on Layer 2. This means you can send BTC, LTC, XSN and soon ALL Tokens on ETH around instantly without confirmation times and NO huge fees.
Thats ONE MORE ways Dex`s are ALREADY beating CEX´S.

You see??
There is MUCH more to it then what you describe.
Adding tons of shitcoins is the easy part.
Liquidity will come over time once the market gets tired of all the CEX exit scams, high fees and surveilance and AML/KYC rules.

Fivestar4everMVP

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I personally prefer DEX over CEX , but i must say that there's still a long way to go before DEX finally overtakes CEX cause of some problems which DEX needs to fight and one of them liquidity, though Uniswap is really doing great but we cant say the same about other DEX's , another another thing is most DEX's only support erc20 tokens and no way to trade assets from other chains, one can easily exchange their erc20 tokens to eth or other tokens, but lets say for example, when one wants to exchange erc20 for ripple , one have to run to CEX to get that done cus CEX is the place where ripple is listed. So i think this is one of the big challenges DEX have to battle right now.

Sy

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Bounty Detective

So far I think YES 2020 belongs to the decentralized exchanges. Ever since DeFi projects started booming we are seeing more and more transactions are flowing through DEXs we can say thanks to UNISWAP for that.

3meek

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Quote from: r32godzilla on September 17, 2020, 11:52:04 AM

In 2017 we couldn´t imagine that decentralized exchanges will ever overcome centralized exchanges in a daily trading volume. But thanks to UniSwap, it happened. Nowadays there are many UniSwap alternatives and new ones are created every day. I believe that in the future all people will move to DEXs, due to higher security, lower fees, and no KYC process.

I'm sure that Uniswap is just a hype, especially since they couldn't come up with anything new (maybe just a little bit Cheesy

)...
Komodo made swaps much earlier... Bankor made similar Uniswaps erc20 swaps a long time ago...

nightflightcourt

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Quote from: Alohadanc3 on September 20, 2020, 08:56:05 AM

I don't think that. I know many Dex are now in popular side. But in my opinion it's a hype. In late 2018 or early 2019 we started to see a Dex hype too. Many big exchanges or groups started to announced or delivered their own Dex. But most of them are not working now or have very less volume than good cex. And then people started to use cex more. At this moment also people are using cex more. But dexs also have good growth. But it's hard to say that it will be forever. I also like to use Dex but there are many problems like low volume and liquidity,hard to use, sometime slow. Thats it.

You're right. There was a much tinier DEX bubble through 2019, usually it was in reaction to big CEXs implementing KYC or freezing funds.
People have hyped numerous DEXs and coins as the proper solution to the trustless exchange of assets between two remote parties and, while they've gotten closer to proper form, none of the solutions backed by major players in the industry have been sufficient for the job in the way that Stakenet DEX is (swapping on L2 between multiple chains as opposed to just intra-ETH/ERC20 solutions).

Alohadanc3

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I don't think that. I know many Dex are now in popular side. But in my opinion it's a hype. In late 2018 or early 2019 we started to see a Dex hype too. Many big exchanges or groups started to announced or delivered their own Dex. But most of them are not working now or have very less volume than good cex. And then people started to use cex more. At this moment also people are using cex more. But dexs also have good growth. But it's hard to say that it will be forever. I also like to use Dex but there are many problems like low volume and liquidity,hard to use, sometime slow. Thats it.

wack slacker

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DEXs are the trend this year. Uni Swap is no longer a phenomenon. There are more DEXs and more trading volume.
Look at UNI, all CEXs have listed it, not yet a quick project has been so listed by all CEXs.

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The red line is the amount of ETH on the smart contracts

The green line is the amount of ETH on centralized exchanges

nightflightcourt

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Quote from: r32godzilla on September 17, 2020, 11:52:04 AM

In 2017 we couldn´t imagine that decentralized exchanges will ever overcome centralized exchanges in a daily trading volume. But thanks to UniSwap, it happened. Nowadays there are many UniSwap alternatives and new ones are created every day. I believe that in the future all people will move to DEXs, due to higher security, lower fees, and no KYC process.

Agreed. I'd like to add that CEXs were more laid back as a whole in 2017. There are indeed many Uniswap clones. All the ones I know of take a cue from Uniswap and run on ETH's network when, tbh, that's the Achilles heel of Uniswap in the first place.

Quote from: Cryptoangel01 on September 17, 2020, 05:22:02 PM

I won't argue this a whole lot have happened in a small space of time. It's interesting to see. I'm suspecting there will be even more.

Yes. It has all progressed very quickly.

Cryptoangel01

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I won't argue this a whole lot have happened in a small space of time. It's interesting to see. I'm suspecting there will be even more.

Topic: (Yes or NO) The 2020s belong to DEXs - page 5. (Read 5546 times)