following the FTX crash, DEX tokens saw a 24% uptick, and CEX tokens saw a 2% decline.
While offering users more convenience when transferring or swapping tokens, centralized exchange wallets are decidedly less secure than non-custodial storage solutions. DEXs offer their users flexibility when it comes to storing their crypto tokens and do not rely on their user’s crypto holdings to generate revenue or indulge in secondary transactions.
This threat can be subverted only by shifting away from the AMM model and adopting a more advanced order book model that can facilitate the easy implementation of an on-chain smart contracts system. While a few players like dYdX and EtherDelta have achieved this to some extent, they come with associated trade-offs that need to be eliminated.is the first order book trading protocol that runs entirely on-chain.
! It definitely is true that DEXs have the potential to take over the crypto space, especially considering the recent events. Trust is the cornerstone of any financial system and DEXs offer a fresh opportunity for building that trust.
Soon 🔜 PulseChain
I can see what you say happening based on my coinbase account being hacked. I filed a report with the FBI. I can see the crypto trail to the hackers. Coinbase does NOT practice their brand promise: “Most trusted exchange”.