In terms of total value locked (TVL) Uniswap leads with $3.76 billion, Pancakeswap with $1.65 billion, Curve with $1.62 billion, Balancer with $954.85 million, and GMX with $619 million.
While decentralized exchanges tallied $960 billion in the previous year, centralized exchange (cex) platforms hit $1.1 trillion in December alone.If CEXs, with all the available liquidity, reached $960 billion in the previous year, it is impossible for DEXs to exceed this number in a month.
If CEXs, with all the available liquidity, reached $960 billion in the previous year, it is impossible for DEXs to exceed this number in a month.What is said in the article could be true, because the trading volume of CEXs depends not only on liquidity but also on users who deposit their funds on centralized exchanges in addition to the liquidity provided by CEXs.
It's better if more DEX's begin business so we've got more selection choices. CEX's always occupy more trade volume but it doesn't mean DEX's reached $1T we've got a long wait for it.What do you mean it doesn't reach $1T? Are you suggesting the data shown above is inaccurate or misinterpreted? What is the argument for that? It's been months since this thread was created, do you have additional data? Whether the data is accurate or not though, it is clear that DEX popularity increases with the rise of L2, etc, that promises scalability and faster transactions, which might help fix one of DEXs problems with a relatively higher fee compared to traditional exchanges. While decentralization is nice, I doubt other than the top 30 DEX or so will survive after the bar market. At the very least, they need to have healthy liquidity to sustain their operation.