The Future of Exchanges

With a fast-growing crypto market and impressive innovations, Decentralized Exchanges (DEXs) are undoubtedly one of the most interesting segments of DeFi to watch.

Through on-chain smart contracts, AMM-based DEXs provide transparency, security and exclude intermediaries — a method of connecting buyers and sellers, and are offering new models of equitable involvement and governance for stakeholders.

Over the past year, DEXs have experienced explosive growth. The trade volume on DEXs has increased from $1,87B in June 2020 to $87B in the same month of 2021. Presently, more than 100 million investors visiting DEX platforms with transactions amounting to over $7 billion per day.

However, leaders in terms of volume among all DEXs: Curve, Uniswap, dYdX, PancakeSwap, Balancer, Raydium and 1inch are still in their infancy, and further development of the infrastructure, refinement of the user experience, and increasing connections to centralized crypto and financial institutions will be necessary to ensure future adoption.

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