Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: dragononcrypto on December 18, 2020, 02:49:35 PM
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Today I decided to look at top DEX's based on volume (https://etherscan.io/stat/dextracker), as had noticed the DeFi locked market caps (https://www.altcoinstalks.com/index.php?topic=184282.0) had changed a bit, so I was wondering how this affected Unniswap in the decentralized exchange space. I was shocked to find out that this exchange currently has 96% of the dex volume!
(https://i.imgur.com/U8rhuy9.png)
I find this a little strange that one DEX has 96%, isn't the idea of decentralization having diversity?
I'm hoping there will be more balance in the future, other exchanges will take away Uniswap's current exchange dominant. I realise this may take some time, but in the same way Maker had the majority of the DeFi locked market cap for years, others will eventually take up the share once better developed.
Are you concerned by UNI's dominance or do you hold / plan to buy their tokens?
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Currently Uniswap is in the best position among dex. The volume is constantly too high. I am currently starting to swap there. I am constantly going to invest something. I think a great one. However, I have seen that it is possible to swap if the gas fee is deposited in the wallet. Then I think it’s great.
I also find the pie chart very surprising. Because it contains 96.96%. Curious to me, but great.
I think future improvements will be able to sustain or maintain the status quo. But the Ether Delta was the best of the dex. But at present the situation is not very good. However, some new competitor dex may come. As I have heard of three new countries. However, the probability was not known.
Yes I have been using Uniswap lately. It feels good. The total system is much better. defi (decentralized) advanced planning.
See the list of dex below:
CoinMarketCap ranks the top decentralized exchanges based on traffic, liquidity, trading volumes of spot markets.
Top Decentralized Exchange (DEX) (https://coinmarketcap.com/rankings/exchanges/dex/)
Top Decentralized Exchanges (DEX) Ranking by Trading Volume - Coingecko (https://www.coingecko.com/en/exchanges/decentralized)
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something that needs to be appreciated indeed because of the convenience it has provided so naturally it will be the target of all those who do not want to take action too hard and want it to be easy and fast and acceptable. even though we know that you have your own obstacle, namely the cost of fees that is too high but they seem to ignore it, because maybe the ease with which it occurs.