Cointelegraph Consulting: Who is winning the battle of the DEXs?
Analysis of the user behaviors captured on DEXs across the various layer one and two networks. Decentralized exchanges have continued to increase their market share, spurred on by high Ethereum gas prices, a rapid release of decentralized token sales, and layer two networks incentivizing developers to make their protocols accessible to users on different networks.The latest findings by Covalent in Cointelegraph Consulting’s biweekly newsletter indicate that the top DEXs on Binance Smart Chain, Avalanche C-Chain, and Polygon (formerly Matic) began to rise in volume as Ethereum gas prices....
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The future will see DEXs challenge centralized exchanges by finally separating custody and exchange, says the co-founder of IDEX.
Numerous coins are constantly added to blockchain and crypto exchanges. But many projects lack utility and marketing to make them worth investing in. We found five cryptos that have tremendous potential and have their IDO (initial DEX offering) coming soon: New Crypto IDOs – Top List 1. Battle Infinity Battle Infinity is a play to earn game that enables players to access various platforms. One of the platforms is the Battle Arena, where players use VR headsets to explore the Metaverse and to chat with other players in real-time. Another platform is Battle Staking, enabling players to....
Nowadays, cryptocurrencies are moving into DeFi. It’s a good option to be the one who manages your digital capital and at the same time handles every decision. That’s why it’s necessary to choose the most reliable platform with helpful conditions. So let’s observe the top 5 DEXs, currently operating, and then compare their offers and […]
2020 was a good year for the DeFi sector as several platforms saw an increased interest from traders and users. As these platforms offered new liquidity options for traders and helped them earn more profit, there was a sudden flow of income, resulting in more DEXs opening up to capitalize on this opportunity. One of […]
Crypto asset trading has continued to skyrocket in 2021, hitting new and unprecedented records: Volumes reached $3.8 trillion in April 2021 when bitcoin hit its all-time high. Between August 2020 to 2021, the traded value on large decentralized exchanges (DEXs), like Curve, Uniswap, and PancakeSwap grew by about 550% Major centralized exchange (CEX) Binance’s spot cryptocurrency trading volumes totaled $789 billion in September, versus $454 billion (€390.7 billion) in July, while derivatives volumes jumped almost 25% to $1.7 trillion. DEXs have been gradually grabbing market share....