Topic: (Yes or NO) The 2020s belong to DEXs - page 8. (Read 5546 times)

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 In short, the majority of them are outdated already, not good to use in as of the moment in my own perceptions.

DEX technology is too outdated and in my opinion it is no longer good to use so I think there must be better developments so that it looks better and really shows the technology side that has been increasingly developing.

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 have been using the oldest of them all, BitShares DEX since 2016, before it was cool... some weird tokens that were only traded there got me into it... Fees are close to none if you withdraw or deposit via BitShares, but volume has plummeted compared to these overhyped exchanges built on top of ETH.
Now there's a fork called New BitShares riding the hype of decentralized exchanges. What a joke.

I have Used IDEX , the problem for me was a very high fee in the transaction and to withdraw, also the volume is too low , sometimes the price gap between buyer and seller is too much that when you put your order you need to get back tomorrow to see if it has been done or not!

Perhaps people have rethought the way they trade. Centralized exchanges they are too profitable and have strict requirements in the crypto listing. People are comfortable with trading on centralized trading platforms, specifically, in August the volume of transactions on Uniswap reached more than 400 million dollars in 1 day. It's better than any centralized exchange because the numbers are real.
These exchanges have liquidity funds and people can use it to make extra profits out of trading.
Trading on DEXs is completely decentralized. Your money is always in your wallet. It is safer than any CEX.

NO because Defi started to Boom just in the middle of the year and look like will die before the end of 2020 so this is not a Dex year.

Obviously this is just a Hype,and not gonna last longer.

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.

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.

All the DEXs that are on that chart in the pic above have been instrumental in migrating people away from CEXs, especially Uniswap.
No one was expecting this shift so suddenly and you can see that in action by reading through this very thread.
This thread was created before the perception on DEXs changed and it was assumed that Binance and the like would be irreplaceable.

I mentioned Stakenet DEX in the OP. Of all the projects mentioned back then and all the ones that have come about since the DeFi bubble started, the Stakenet team are at the forefront. 1 deposit non-custodial wallets with an L2 swap approach and simple Uniswap UI to eliminate gas fees.

As basically every major DEX is exclusively ERC-based, nothing comes close to this. There is a much deeper level of interoperability attained between Bitcoin, Ethereum, and many other LN and ERC compatibles via Lightning and Raiden.

Uniswap is bound by Ethereum's network. If ETH's network is already this congested, it will not fare so well unless it takes an L2 approach. Perhaps it will be ok when ETH 2.0 is rolled out, but even then ETH 2.0 will still benefit from offsetting excess and spam tx.

Uniswap and the DeFi label are catalytic gateways to proper DEXs. Major players in the crypto industry have hopped on the DeFi bandwagon - making cherry-picked 'DeFi lists' and going as far as to back terrible projects (SUSHI) for their own gain instead of backing legitimate projects with strong development track records.

1 year later, I still think Stakenet will do very well. 
What happened to KMD AtomicDEX? That had a lot of promise. Have not heard much from them in awhile.

i think,DEX has a lack of features compared with big exchanges. based on trader perspective, they need good platform to trade
big centralized exchange gives it and DEX doesnt, so it is reasonable if centralized exchanges get more attention and ofc volume
even they know that centralized is so risky, but they still do

actually in my opinion this year is the year of dex but this happened because of the influence of uniswap trend and defi trend, so there are lots of new dex that almost appear every day and I don't know why this happens but strangely they are only there to find the shortcomings of uniswap dex and complete it, and everything is always focused there.

You'll get that with Stakenet's 2nd layer DEX.

They've integrated their own native token: XSN + BTC + LTC, and is working to integrate ETH and it's many tokens next.

The cool thing about this DEX is that's it's gonna be running on their network of 2000+ masternodes, who will act as payment "routers" between everyone who trades on the platform, they will be compensated in fees for this service.

As this DEX is operating offchain you can transact INSTANTLY, with virtually 0 fees involved compared to traditional onchain fees ($30 in some cases for ETH).

All this, while being able to store your coins in the same dApp and being in complete control of your own private keys at all times. 

Here's a cool video showing how it works:
https://www.youtube.com/watch?v=wSNFhFBKmsc

2020 is not the year of DEX.

This year is the year of Decentralized Finance projects and also those Uniswaps which are becoming popular.

Sadly, we thought that this year many will focus on dex's but it's not. Maybe 2021 is the year where people will be serious about dex.

If current things can work well at Uniswap, then it is not impossible that in the future we will be able to have everything in one place through developments that can be carried out by Uniswap itself.

Yes and it has grown even more the last few months thanks to Uniswap. Unfortunetly you can not buy anything else then ETH tokens on it. Would be nice to have everything in one place sometime in the future. Once that happens, then crypto is golden.

DEX volume has grown a lot since this thread was created in October 2019.   

Cool. Most of the tx I did this year were from Lightning swaps done on Stakenet DEX. Not quite 50% like you, but close!

I'd call it a yes. More than 50% of my total transaction in 2020 took place on DEX. It do depend on the preference of each traders but DEX are not the most comfortable and cheaper ways to transact between tokens of same coin platform. Thanks to the rise of dapps, dex have rose in popularity. The only place where the DEX fails is inter chain transfer. If we could devise an easier way to make cross platform transaction on dex, they'll rule.