DeFi Summer 2020 created dozens of different DEXs, and users were able to profit from liquidity mining and Yield Farming[1]. DEX's token has had extremely impressive growth: UniSwap's UNI token price has increased 301 times, PancakeSwap's CAKE token price has increased 206 times. However, the tokenomics of DEX's tokens are not really good and the harshness of crypto winter has caused UNI token price to drop by 93%, while CAKE token price has dropped by 98%. Holders would have suffered many losses if they could not decisively stop losses. DEXs have been operating effectively in recent times, but DEX's tokens have been removed from the watchlist of many investors, including me.I'm not too surprised about the return of UNI and the tokens from DEX. DeFi is the heart of the crypto market, in which DEX is the center of DeFi, if DEX has users, DEX tokens are not easily forgotten in the bullrun.
- Have you ever invested in DEX's tokens? Did you profit or lose from them?
- Do you think DEX's tokens trend will return in 2024-2025?
- Will you invest in DEX's tokens in the future? If so, which ones?
There is no question that the luster of DEX tokens has already dimmed...all waiting for some impetus to shine again and be attracting the attention of many small and big investors. I usually just use DEX if there is a coin or token I want to trade and it can only be done in a DEX, otherwise I would prefer the top CEXs we have in the market. Losing a great deal of value can be frustrating for many who believed a lot on a DEX in question...and the more you lose the more you bleed as confidence is waning and in many cases getting back is not going to be an easy task. I am hoping that Uniswap can take even just half of what it lost...especially in the bullish season that we are in. These days, I seldom read recommendations for people to get into DEX tokens...which is in a way a big vote of NO from the market.After the sharp decline during crypto winter, many investors have realized that DeFi cannot help make the crypto market safer and more stable. DEX's tokens also lost a lot of value and caused investors to lose money. Currently, I think DEXs are trying to find some innovation to attract investors' attention, otherwise the cash flow will only focus on tokens of new projects in Layer-2 or restaking trends.
I'm not too surprised about the return of UNI and the tokens from DEX. DeFi is the heart of the crypto market, in which DEX is the center of DeFi, if DEX has users, DEX tokens are not easily forgotten in the bullrun.CAKE token had an impressive price increase thanks to the popularity of BSC in 2021, it was really worth it that year, but unfortunately dropped sharply in price in 2022 & 2023.
In the previous cycle, tokens like UNI or CAKE did not have much value other than governance, while motivating users to add LP to ensure low slippage similar to CEXs. Now UniSwap simply introduces a new application value even though there is nothing special or new, which is staking or delegating like many other POS Layer-1 blockchains have done for many years. But the story gets hyped, MM pushes the price and we see a comeback for these tokens.
I'd like to hear your opinion on DEX's tokens:
- Have you ever invested in DEX's tokens? Did you profit or lose from them?
- Do you think DEX's tokens trend will return in 2024-2025?
- Will you invest in DEX's tokens in the future? If so, which ones?
Decentralized Exchange Tokens especially DEX Tokens got a lot of hype in 2021 but currently these coins are not getting much hype in the market. So for now I don't want to invest in nonhype projects but this year Ordinals coins are getting a lot of hype in the market. Rather than investing in Dex and Memecoin, investing in Ordinals projects and holding will be much wiser.Unfortunately, this investment model does not last long and currently more people invest in Meme coins. It is clear that there are many meme coins that are currently increasing in price, such as Shiba, PEPE and Dogecoin, so for me, DEX cannot always be hype because investors will definitely keep trying something new to make a lot of profit quickly.
- Maybe it depends on the performance of the Dex platform, and it also depends on whether the coin I want to trade is only on the Dex platform, but if there is a Cex platform, I will choose the Cex because I am more comfortable doing day trading activity compared to the Dex.I want to talk about DEX's tokens, for example UniSwap's UNI, PancakeSwap's CAKE, BakeSwap's BAKE... I'm not mentioning whether we should use DEX or CEX, this is a good idea for a future topic that I will create.
I also rarely use Dex when I only have coins that I see that are good and have potential to hold and good trading activity as well; this is what I do most of the time.
--Maybe we will see the FED reduce interest rates in May or June this year, this will be one of the important driving forces for money to flow into the markets, including crypto and I believe many Altcoins are also will grow, including DEX's tokens.
Also, the main incentive was the return from tokens, which was driven by low-interest loans in 2021 and an abundance of cash, which is something that does not exist in 2024/2025. Therefore, if I had cash and instead of spending in DeFi tokens, I would definitely prefer Bitcoin, regardless of the level of excavation, especially after the bankruptcies that occurred in 2022.
To be honest: when I saw the improvement in tokenomics (fundamental analysis) and the very good support of Dragon EMA34W on the price chart (technical analysis), I added UNI and CAKE to my watchlist to consider and invest in after BTC Halving. This is not investment advice!Looks like you got FOMO again because of DEX token!
I'd like to hear your opinion on DEX's tokens:
- Have you ever invested in DEX's tokens? Did you profit or lose from them?
- Do you think DEX's tokens trend will return in 2024-2025?
- Will you invest in DEX's tokens in the future? If so, which ones?
Decentralized Exchange Tokens especially DEX Tokens got a lot of hype in 2021 but currently these coins are not getting much hype in the market. So for now I don't want to invest in nonhype projects but this year Ordinals coins are getting a lot of hype in the market. Rather than investing in Dex and Memecoin, investing in Ordinals projects and holding will be much wiser.
I'd like to hear your opinion on DEX's tokens:1. Yes. Pancakeswap like you said lost 98% of its value after the bull run, and I'm one of the investors who lost money investing in it. I moved on from it already, but I still remember that I bought it for $32 a piece, and I think because of a lack of trust in the project, I sold it for $2. I know, I know it's a huge loss, but as investors, our journey will not be exciting if we do not encounter those losses. ;) What's important now is that I learned from that mistake, and I hope that those who made mistakes in the past will learn from them as well.
- Have you ever invested in DEX's tokens? Did you profit or lose from them?
- Do you think DEX's tokens trend will return in 2024-2025?
- Will you invest in DEX's tokens in the future? If so, which ones?
When it comes to utility of exchange tokens, the ones that remain relevant to now are centralized exchanges and that's because they have utility in the exchange like centralized launchpad for IEO, trading fees reduction and other benefits such as bonus and vip priorities but decentralized exchange tokens don't have all these features, they don't have use cases and deflationary the way centralized exchanges have and that's why they dump heavily during the bear market.From what I know, exchanges have their own policies regarding providing benefits to their users, maybe exchanges like Binance provide many benefits with centralized launches for IEO, but in some other exchanges it's not necessarily like that because I'm sure every exchange has different regulations.
I'd like to hear your opinion on DEX's tokens:
- Have you ever invested in DEX's tokens? Did you profit or lose from them?
- Do you think DEX's tokens trend will return in 2024-2025?
- Will you invest in DEX's tokens in the future? If so, which ones?
I'd like to hear your opinion on DEX's tokens:
- Have you ever invested in DEX's tokens? Did you profit or lose from them?
- Do you think DEX's tokens trend will return in 2024-2025?
- Will you invest in DEX's tokens in the future? If so, which ones?
1. Yes. Pancakeswap like you said lost 98% of its value after the bull run, and I'm one of the investors who lost money investing in it. I moved on from it already, but I still remember that I bought it for $32 a piece, and I think because of a lack of trust in the project, I sold it for $2. I know, I know it's a huge loss, but as investors, our journey will not be exciting if we do not encounter those losses. ;) What's important now is that I learned from that mistake, and I hope that those who made mistakes in the past will learn from them as well.The UniSwap tokenomics update brings an additional source of income for loyal UNI holders, while also creating real demand for UNI. Previously, UNI was only used for governance, an issue that was not really of interest to investors, while UNI was constantly being created to reward liquidity providers for the protocol.
2. Those DEXes that are in the top 100 might stay in the top 100, or we might see some going below the top 100. Token's trend will return? What I only know is that tokens like UNI, AAVE, COMP, RUNE, etc. will increase in price, but there's a chance that they might not even surpass their previous 2021 ATH. Well, it happened also in 2021, and it might happen again this time.
3. I might be on UNI just for this bull run. I mean I just want to ride the hype, but I don't see them holding for the long-term (like 2-4 years).
So far, no, and not yet. I am only investing in certain native token/coin of CEX.
- Have you ever invested in DEX's tokens? Did you profit or lose from them?
Possible, indeed. Many people are still using DEX. so this doesn't stop it to continue and grow. But stay, be careful.
- Do you think DEX's tokens trend will return in 2024-2025?
Still don't have any idea.
- Will you invest in DEX's tokens in the future? If so, which ones?
With the UniSwap tokenomics update and the possibility that other DEXs will soon follow suit, UNI and DEXs tokens will become more attractive because they bring more revenue to holders. This has been effectively applied with CEXs tokens: BNB can help traders reduce trading fees on Binance, receive free tokens from launchpool projects... I hope UNI will not disappoint investors.
So far, no, and not yet. I am only investing in certain native token/coin of CEX.
And so far, for BNB, of course it has started to make a profit, but there is still no TP, because there are still many reasons for holding. Meanwhile, other clinics vary, but as long as they are still holding, it means there are no losses. Only, it is a CEX coin/token, not a DEX
Possible, indeed. Many people are still using DEX. so this doesn't stop it to continue and grow. But stay, be careful.
Still don't have any idea.
Any idea which is more potential?
DEX token?UNI and CKE are the most popular DEX tokens in the Ethereum and BNB chain ecosystems. I think they are really worth investing in because UniSwap and PancakeSwap will continue to exist and develop strongly in this uptrend. I also find DEXs in the Layer-2 ecosystem very attractive because it seems like Layer-2 & DeFi will be the biggest trends this year.
I have Cake and UNI.
I personally still really hope that the coins from DEX can still survive and even compete with the others. In the current era, DEX coins are growing really fast. But in this era, who knows whether we can still brainstorm enough or not. But, at least, I still have Cake and UNI. That's all, for now, I'm not thinking about adding more..
Right now, what I see as okay for me to use is Raydium, because I see a lot of potential coins so far under the SOL blockchain, and most of the potential coins under Solana are listed in Raydium and JUP most of the time.It is good that we have more DEXs in new ecosystems to choose from, not just UniSwap and PancakeSwap. Tokens listed on DEXs are also good, but they are listed on CEXs, as long as they have good liquidity and a reasonable tokenomics.
Then what I also use to search for potential cryptos is Geckoterminal and Defillama, if we are talking about the DEX platform in these instances. Then I also see some potential coins that are only in DEX so far; they are listed, and trading activity can be done.
I think i will agree in all your answers here because why should I need to invest in pure speculative when there are great legit cryptocurrency that will give me safe investments?I'd like to hear your opinion on DEX's tokens:
- Have you ever invested in DEX's tokens? Did you profit or lose from them?
- Do you think DEX's tokens trend will return in 2024-2025?
- Will you invest in DEX's tokens in the future? If so, which ones?
1. No.
2. Yes, mainly due to price rise of many coin/token and some DEX support coin which banned from CEX (primarily privacy coins).
3. Probably not, i'd rather focus on cryptocurrency (which have it's own network).
Yes I was eligible on Uniswap airdrop and I believed in its future potential so I added more Uniswap tokens it's one of the best decisions I made investing in a DEX token
I'd like to hear your opinion on DEX's tokens:
Have you ever invested in DEX's tokens? Did you profit or lose from them?
Do you think DEX's tokens trend will return in 2024-2025?There's a huge possibility that it will make a comeback I've seen a lot of my friends doing testnet on DEX and some of these DEX that's doing testnet turn out to be profitable investments.
Will you invest in DEX's tokens in the future? If so, which ones?Yes, I still believe that Uniswap is the best investment to invest so I'll continue to accumulate
I'd like to hear your opinion on DEX's tokens:I invested in DEX token but my investment was short term. I hired B to buy Pancake Swap Tokens where I sold my investment when I made a small profit. After that I no longer invest in DEX tokens.
- Have you ever invested in DEX's tokens? Did you profit or lose from them?
- Do you think DEX's tokens trend will return in 2024-2025?
- Will you invest in DEX's tokens in the future? If so, which ones?
Right now, what I see as okay for me to use is Raydium, because I see a lot of potential coins so far under the SOL blockchain, and most of the potential coins under Solana are listed in Raydium and JUP most of the time.It is good that we have more DEXs in new ecosystems to choose from, not just UniSwap and PancakeSwap. Tokens listed on DEXs are also good, but they are listed on CEXs, as long as they have good liquidity and a reasonable tokenomics.
Then what I also use to search for potential cryptos is Geckoterminal and Defillama, if we are talking about the DEX platform in these instances. Then I also see some potential coins that are only in DEX so far; they are listed, and trading activity can be done.
I am more interested in DEXs' native tokens, such as RAY token of Raydium on Solana. With the impressive growth of the Solana ecosystem, I think DeFi activities on Solana are also very active, Raydium will have more users and trading volume will increase, pushing up the RAY token price!
Have you ever invested in DEX's tokens? Did you profit or lose from them?Well have never investing in a dex token before although i do hear about some of the token like Uniswap, DODO, Pancake to a point where I could have even invested but then I had little or no experience about altcoins because this fear was installed into me about altcoin that they are very volatile and can dump and lose entire value so instead I do focused on holding bitcoin only.
Several years ago, Dex tokens were very popular and many people bought them, but now it seems that no one is interested in Dex tokens anymore and prefers to go to exchanges that have high trading volumes and have a lot of users, such as Binance and others. The Bitcoin you hold is good enough and the risk is smaller.QuoteHave you ever invested in DEX's tokens? Did you profit or lose from them?Well have never investing in a dex token before although i do hear about some of the token like Uniswap, DODO, Pancake to a point where I could have even invested but then I had little or no experience about altcoins because this fear was installed into me about altcoin that they are very volatile and can dump and lose entire value so instead I do focused on holding bitcoin only.
Well have never investing in a dex token before although i do hear about some of the token like Uniswap, DODO, Pancake to a point where I could have even invested but then I had little or no experience about altcoins because this fear was installed into me about altcoin that they are very volatile and can dump and lose entire value so instead I do focused on holding bitcoin only.Compared to BTC, altcoins are generally riskier but can also bring higher profits to investors, DEXs tokens are the same. In the 2021 uptrend, many investors became wealthy from investing in DEXs tokens: their prices increased very strongly and APR from DEXs was also very attractive.