DEX Volumes Are 'Bullshit,' Says SushiSwap Savior Bankman-Fried

[Galaxy]

Sam Bankman-Fried, CEO of decentralized exchange FTX and savior of Uniswap rival SushiSwap, thinks that volumes on decentralized exchanges will wash away. The Summer of DeFi saw a massive increase in trading volumes across so-called decentralized exchanges—non-custodial trading platforms that essentially enable users to trade digital assets peer to peer.

These exchanges, known as DEXs, were once barely a blip on the radar of the broader crypto market. But now, several billions are being traded on DEXs every month, and trading volume on leading decentralized exchange Uniswap has at times even surpassed daily volume on crypto exchange giant Coinbase.
Info link: https://decrypt.co/44246/dex-volumes-sushiswap-ftx-sam-bankman-fried

[Fawpac2]

Sam Bankman-Fried, CEO of decentralized exchange FTX and savior of Uniswap rival SushiSwap, thinks that volumes on decentralized exchanges will wash away. The Summer of DeFi saw a massive increase in trading volumes across so-called decentralized exchanges—non-custodial trading platforms that essentially enable users to trade digital assets peer to peer.

These exchanges, known as DEXs, were once barely a blip on the radar of the broader crypto market. But now, several billions are being traded on DEXs every month, and trading volume on leading decentralized exchange Uniswap has at times even surpassed daily volume on crypto exchange giant Coinbase.
Info link: https://decrypt.co/44246/dex-volumes-sushiswap-ftx-sam-bankman-fried

Some decentralized exchange (DEX) published its fake trading volumes to achieve the better position in CMC exchange list. But sometime it's hampered the project.