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.
Topic: (Yes or NO) The 2020s belong to DEXs - page 7. (Read 5564 times)
I don't think that 2020 or 2021 will be popular for DEX... But I hope that in the future Atomic Swaps technologies will be interesting and attractive for people! And centralized exchanges will just disappear!
But what about Uniswap, SushiSwap and many other platforms from the sphere of DeFi where it is now possible to change one coin for another in a decentralized way. Their volumes are growing. The daily trading volume on Uniswap has already exceeded $ 500 million. Isn't that enough?
By the way, yes, I would be most interested to know the principle of their trading... Because I have never tried to use them! I understand that they look like an old exchanger from Bancor... Is it possible to exchange different blockchains on these swaps?
Well, about the volumes - I think they will fall when the hype runs out!
I was also surprised how quickly this decentralized exchange became popular and received huge daily trading volumes. First of all, the fact is that anyone can become a liquidity provider and earn money from it. The second factor in the growth of popularity was the use of this exchange by various protocols.
Unfortunately, only tokens of the ERC 20 format can be exchanged on Uniswap, but I have heard that developers are working on the possibility of exchanging coins of various blockchains.
since i don't use dex I find the names at the op unfamiliar, the only one that is making name to me is uniswap, I find many project using it and people talking about it, but as much as dex are becoming popular they are still no match to cex, the difference is very clear for now.
Some are unfamiliar because they are not associated with the platform itself. ETHERdelta for instance is meant for ERC tokens and WAVES DEX for WAVES Tokens. The list could go on to EOS and TRON platforms which each platform has a preferred DEX. For TRON I think its now the PoloniDEX which previously was just the TRX.Market. Sooner these platforms will also have a preferred Swapping platform like TRON has the JustSwap.
Dex has been popular because they thought they were safer since they don't keep the seed address of the wallets but after what happened to Dolomite exchange I wouldn't say that again, Plutus defi was one of the hyped project but Dolomite.io got hacked and $PLT ico was a total disaster, so I prefer safety rather than SEX or DEX .
Dolomite is unheard. It hasn't yet ring a bell but probably did an exit scam. I myself will forget everything for SEX.
since i don't use dex I find the names at the op unfamiliar, the only one that is making name to me is uniswap, I find many project using it and people talking about it, but as much as dex are becoming popular they are still no match to cex, the difference is very clear for now.
Liquidity issue is one of the reason hindering decentralized exchange growth and adoption by many traders, but I believe with time and improvement many traders and crypto enthusiasts will migrate to dex cus it is more safer in terms of privacy and security.
I just love the komodo atomic dex, with little improvement it will surely be top notch
I just love the komodo atomic dex, with little improvement it will surely be top notch
Liquidity is not a problem with the Stakenet Lightning DEX though.
It will be able to pull liquidity from ANY CEX out there through Liquidity providers. Which means you can access ANY exchange from ONE place, ensuring you'll get the BEST deal for your money, whenever you trade. This is effective for arbitrage over Lightning.
Dex has been popular because they thought they were safer since they don't keep the seed address of the wallets but after what happened to Dolomite exchange I wouldn't say that again, Plutus defi was one of the hyped project but Dolomite.io got hacked and $PLT ico was a total disaster, so I prefer safety rather than SEX or DEX .
I don't think that 2020 or 2021 will be popular for DEX... But I hope that in the future Atomic Swaps technologies will be interesting and attractive for people! And centralized exchanges will just disappear!
But what about Uniswap, SushiSwap and many other platforms from the sphere of DeFi where it is now possible to change one coin for another in a decentralized way. Their volumes are growing. The daily trading volume on Uniswap has already exceeded $ 500 million. Isn't that enough?
By the way, yes, I would be most interested to know the principle of their trading... Because I have never tried to use them! I understand that they look like an old exchanger from Bancor... Is it possible to exchange different blockchains on these swaps?
Well, about the volumes - I think they will fall when the hype runs out!
I don't think that 2020 or 2021 will be popular for DEX... But I hope that in the future Atomic Swaps technologies will be interesting and attractive for people! And centralized exchanges will just disappear!
But what about Uniswap, SushiSwap and many other platforms from the sphere of DeFi where it is now possible to change one coin for another in a decentralized way. Their volumes are growing. The daily trading volume on Uniswap has already exceeded $ 500 million. Isn't that enough?
I don't think that 2020 or 2021 will be popular for DEX... But I hope that in the future Atomic Swaps technologies will be interesting and attractive for people! And centralized exchanges will just disappear!
I used several centralized or decentralized wallet swap technology. Actually this technology is very useful like this Ethereum situation. Now we can avoid decentralized exchange and swap from Ethereum to other top coins. I would suggest to all users, who are new in this swap technology, transaction rate is always lower than good exchange, you should use exchange for a big amount. I don't think that 2020 or 2021 will be popular for DEX... But I hope that in the future Atomic Swaps technologies will be interesting and attractive for people! And centralized exchanges will just disappear!
Your statement is too wild, seriously centralized exchanges will just disappear?? Binance, OKEx, Bithumb and etc will disappear?? Centralized and decentralized exchanges have advantages and disadvantages of each, Cryptocurrency is decentralized but if talk about exchanges I prefer centralized than decentralized.
service-wise, Dex does not have a contact service, so we must be more independent in maintaining all the necessary identities. Besides, it is a very simple market display. and in essence, if we want to withdraw funds on DEX we need to use CEX because that is where the cryptocurrency is exchanged for fiat. and Binance for example with such a large number of users also making it more trusted by the public.
I am pretty sure that the majority of the trading volume will still be at centralized exchanges in the next years.
Just compare the trading volume of binance with binance dex, it's a multitude higher.
People always say that cryptocurrency is about freedom and decentralisation, but in the end most of them still use CEX's because they are easier to use.
But of course it would be good if more and more people would switch to DEX's instead.
Just compare the trading volume of binance with binance dex, it's a multitude higher.
People always say that cryptocurrency is about freedom and decentralisation, but in the end most of them still use CEX's because they are easier to use.
But of course it would be good if more and more people would switch to DEX's instead.
This post dident age well!!
"Dex declining volume" LOL
If this post is not aging well, then try to improve it or make a better post than this one, don't just say it to other people while you can't afford it yourself and can't even give better things here."Dex declining volume" LOL
Take a hike!
Im talking about a post from a member that now turned out to be funny in hindsight.
If you have a problem with humor, then mind your own business.
It should be but things have changed. It's no longer the center for this year.
The Defi have taken over and it became the hot thing to the eyes of everyone except those people that are only watching what will happen to it. Personally, I didn't invest on any defi and didn't see myself to have any interest on it.
Things are focused on Uniswaps and Defi and even the centralized exchanges like Binance are into the defi mania.
Uniswaps fees are ridiculous high and Defi hype will not last long as there was a lot of defi projects has turn to scam and make a lot of investors aware of the very high risk they put in the Defi project. The Defi have taken over and it became the hot thing to the eyes of everyone except those people that are only watching what will happen to it. Personally, I didn't invest on any defi and didn't see myself to have any interest on it.
Things are focused on Uniswaps and Defi and even the centralized exchanges like Binance are into the defi mania.
They are boasting to the usefulness and popularity of these Uniswaps but didn't know that fact. The popularity of defi is about to end.
We will know when but as long as those better defi projects will remain, they shall remain. But many joke defi projects, won't.
Nowadays, let accept the facts where most of the top exchange in the market are based centralized platform, then almost all DEX platform in terms of volume compared to centralized is very far. In short, the majority of them are outdated already, not good to use in as of the moment in my own perceptions.
A little bit wrong... Although the volumes on DEX are really funny!
The thing is that DEX technologies can't yet offer normal solutions for exchanging between different blockchains... That's why users can't normally exchange e.g. LTC to BTC or LINK to AION...
This indeed is the largest hurdle for dex adoption. I always use dex when exchanging between ETH and ERC tokens and also TRX and TRC tokens but when I want to do the real trades, I need to move my coins to binance or for spot trading to changelly. DEX are specially good when you are doing spot exchanges while centralized exchange would still excel on bot tradings.
With this hurdle CEX still got the majorities of the traders interest. For those who holds new tokens the use of dex are good
but for people who are trading old coins which are not present to this platform they still need the functions of CEX in order
to deal with their trades.
Knowing that not all coins can be trade thru DEX express that still this year is not for this platform.
DEX’s volume are declining I have doubts that it will outperform the centralised exchanges even though it has better security. I like both type of exchanges it just happen tgat were looking for a good volume and new entrants in crypto won’t easily understand how the Dex’s works.
This post dident age well!!
"Dex declining volume" LOL
At this point of the year I think it wasn't a season of Dec and also think that it is not too. O never filled that this year is season of Dex. More I saw that projects that are belong to defi catagory is highly diegested by the people. And still some ieos backed by big exchanges are also highly acceptable. Rather than very few projects are selected by the people. And yes at this moment some big exchanges push their own token a bit. But yeah the all over market is in very good condition. That's it.
Nowadays, let accept the facts where most of the top exchange in the market are based centralized platform, then almost all DEX platform in terms of volume compared to centralized is very far. In short, the majority of them are outdated already, not good to use in as of the moment in my own perceptions.
Yes, but in terms of perceptions, everyone has their own views on this, because everyone who uses any platform has personal needs so that someone wants to use the platform and that is independent of other things such as convenience and features supporters. 
Nowadays, let accept the facts where most of the top exchange in the market are based centralized platform, then almost all DEX platform in terms of volume compared to centralized is very far. In short, the majority of them are outdated already, not good to use in as of the moment in my own perceptions.
A little bit wrong... Although the volumes on DEX are really funny!
The thing is that DEX technologies can't yet offer normal solutions for exchanging between different blockchains... That's why users can't normally exchange e.g. LTC to BTC or LINK to AION...
Nowadays, let accept the facts where most of the top exchange in the market are based centralized platform, then almost all DEX platform in terms of volume compared to centralized is very far. In short, the majority of them are outdated already, not good to use in as of the moment in my own perceptions.
A little bit wrong... Although the volumes on DEX are really funny!
The thing is that DEX technologies can't yet offer normal solutions for exchanging between different blockchains... That's why users can't normally exchange e.g. LTC to BTC or LINK to AION...
This indeed is the largest hurdle for dex adoption. I always use dex when exchanging between ETH and ERC tokens and also TRX and TRC tokens but when I want to do the real trades, I need to move my coins to binance or for spot trading to changelly. DEX are specially good when you are doing spot exchanges while centralized exchange would still excel on bot tradings.
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