Bitcoin Forum

We've seen BNB skyrocket in price. COSS and Kucoin did the same in 2017, which made me wonder if decentralized exchanges and it's native coins will be the next big thing?
There is SO much talk about decentralization these days, all over Bitcointalk, Youtube, and Reddit that it starts to feel like the next BIG THING.

There are tons of DEX's out there, most is trash and not even fully decentralized which is a pity. The first real DEX which launched in early 2018 was Blocknet's DEX which is 100% trustless. Peer 2 Peer trading seems like the obvious next step to avoid exchange hacks etc.

You can profit off of Block if you run a service node, which makes it possible to earn parts of the trading fees on the DEX itself, thankfully with the many years on the market, Blocknet works on other things as well. Their XRouter/XBridge/XCloud which is basically a decentralized oracle service, and a new Infura solution superior to Ethereums.

Komodo, Bisq, and a few others are on my radar as well. Bisq has a flaw with it's arbitraders infrastructure though, which means that a validator could act badly and fuck up the network screwing the traders in the end. It's a minor flaw, but still something to consider.

Thoughts?

To be honest, a coin that creates a great p2p exchange with decent fees and proves its success deserves to have its name taken through the top cryptocurrencies out there. We're in grave need of a high volume DEX in my opinion, and the only thing that needs to happen is people to realize that decentralized is the future.

I'm hopeful. For now, I have very few DEXs on my watchlist and I'm waiting for the first one to launch off as a p2p exchange. Once that happens, let them get to the top. Having a fully functional and heavily used decentralized exchange has been my dream for years now. :)

One reason they have a big chance to get to the top is that they bring something new & unique to the crypto sphere. Again - if it's a proven success, I guess it's commmon sense that its value increases.

The success of the coins/tokens depends on the success of the exchange and that applies to both CEX and DEX.

From the examples you gave, BNB was the most successful, KCS is doing okay, while COSS was sold most likely due to poor performance. DEX coins/tokens like Block will probably take a few more years before it can finally take off.

It's really tough for any DEX to gain more liquidity. I think even most of the early Bitcoin advocates don't use them. If only these so called "whales" starts using them, that will help change the future of DEXs.

It's not about been decentralized or centralized, the success of an exchange lies in the team capability, Binance is centralized exchange, same thing with Okex exchange too, if the exchanges token is not put to good use their won't be any demand

You forgot to mention one thing and it's all about the hype that already gained by the platform. a good tech without the hype and it will have no value at all. People are buying in the hype. There was no truly dex and what already said by those who claimed to be the true dex is a big BS. you forgot if binance has Binance DEX (centralized) lol

If you want to find another gold mine like BNB then take a look at Kyber Network. It's a decent DEX in which Vitalik Buterin is an advisor. Its native token (KNC) is being traded on various exchanges. IDAX is also another worth looking one. However, I don't think that DEXs will become popular in the near future. Seriously lack of volume is a thing but technology are more of concerns. KNC or IDAX can handle a small number of transactions but it's doubtful for them to handle the same amount of Binance's. This requires excelent capabilities of their native blockchains. Remember that even Ethereum was jammed by a small game called CryptoKitties a few years ago.

I don't think so, gone are those days and it's not the same anymore. An example of it is the Idex token. They were known to be a decentralized exchange but later changed for some reason. Yet, look at the volume of their native token.
(https://coinmarketcap.com/currencies/idex/)

To begin with, kucoin and binance are not decentralized exchanges, they are centralized.
Secondly, because kcs and bnb, as well as okb tokens did well in the market as exchange does not automatically mean other exchange tokens will do well.

I know about komodo, and i doubt it reaches the domination of forkdelta as decentralized exchanges.

DEX tokens will have their time to shine, it's probably not for now.  Dex has a long way to go, I have some chance to play with DEX like Bitshares but even today, its price had not gone up really substantially to get noticed by investors but the long term supporters of it are pretty much proud of what they have gone thru.

To be part of the dex development means you are part of the close community. You being a BLOCKNET supporter means you are part of a certain group and someone part of the Newdex VIP stakers of NDX is part of their community also. Each of them has a certain central authority but claimed as DEX. COSS means you are with COSS family.

Though DEX are behind Centralized exchange by volume at the moment, no one disagrees that trading of coins would be dominated by DEX in the future. Just just needs to improve enough to be both user friendly and secure. DEX takes a less fees but their general operation costs lesser that's why people are attracted towards it's currency.

That’s right, I have seen a lot of people that talked about DEX, and I’m looking forward to full decentralization on exchanges. There are some that we see it as decentralized, but they are not really decentralized. And another thing is that most people don’t show interest in decentralized exchanges.

Newbies when they join the community newly, they usually go for centralized exchanges like Coinbase. Binance is not really decentralized.And as for their tokens having a huge growth, I would say that these platforms' tokens got big, because they were already a well known platforms.

Probably yes, because cryptos are here for true decentralization so tokens from complete decentralized exchange will find a spacial place if more people move towards decentralized trading platforms but now it is still far away from singht ince Binance leading the trading platform no trader is willing to choose a decentralized exchange.

Well there were many centralized exchanges with their tokens 2 to e years ago which have already lost almost all their value just check cob and cos now. DEXs do not really attract me to be honest, i think that next boom could be for instant swapping exchanges and platforms they can be centralized or decentralized.

The most positive expect of a DEX token is they have a fixed set of rule that never changes. The profitability of them is determined by a formula and unlike centralized exchange token, they can't change how the coin works. So, user can predict their profitability keeping just the volume of trade in mind for long term.

Although there are many different types of coins listed in the market. But DeX tokens coins growing up in the short time & l think it has gain more  popularity in future & give  us good earnings.

Decentralization means a lot in this space but often times the team behind decentralized projects tends to be lagging behind, a good example is in exchanges where centralized exchanges keeps leading as well as their tokens. In my own understanding, for DEX token to be valuable or even be at good competitive price with centralized exchange's tokens then the team behind each DEX needs to wake up and start upgrading. DEX offers more safety but battles with low volume, UI etc, but if they can bring a change to volume first, it will be a game changer in the sphere of exchanges hence good token growth.

I have to disagree, it will probably take a long time until they can rivalize with CEX. Centralized exchanges play a huge part in crypto space and it seems that they won't go away soon. They will probably co-exist in the future, but for now CEX provide the convenience users want while DEX are still very complicated to use and the liquidity is pretty much non-existent.

Dex wouldn't stand a chance when users just want convenience But surely there is a percentage of the population who will be loyal enough to stick with DEX. I have not found so far an exchange for ERC tokens that are full of supporters actually, I don't know why but there are only a few volumes on them. Fork and Etherdelta tokens aren't bought there.

I am still somehow baffled by the way some people still hype DEX, from what I have learnt form the space, there is no way they can compete with CEX, so why do I need to bet on losers. This is no new gold rush, do you remember the hyper are Kyber Network and 0x what have they delivered and again I do not think people buy into this DEX thing at all

First Decentralised exchange was BisQ. But At start was named BitSquare. It was launched in 2014 so 6 years ago. I am pretty sure then all other decentralised exchanges were not even started planing to happen.

There is no thing that some particular coin will be success because of those are exchange child coin. Yes now days we see lot of CEX child coin doing great but it's not easy to think like that. They are reach this position because their exchange made them to useful for people. If we talk about BNB then look in how much way you can use it. See this article (https://releaseyourdigitaltalent.com/why-binance-coin-has-great-benefits/) you will understand.

Now some DEX launch their child coin and they didn't make that coin useful then it'll be just a trash. It doesn't matter coin came form DEX, CEX or Other projects, it'll success if their developer make that coin usable for people.

The Decred Project is putting together a DEX that works using Atomic Swaps. It also doesn't have utility tokens or trading fees. Substanial progress has already been made, it should be ready sometime this year.

https://twitter.com/chappjc/status/1245075450625511425

https://imgur.com/a/NVMl5QR

Before investing on an exchange token I suggest you relax and do diggings because they are more dangerous than ICO or IEO projects, make sure the exchange has what it takes an the team are pros

Binance is one of the true exchange leader. I think dex can be good with that depends on their style and marketing. Dex has a power of uncontrollable mechanism and structure if someone can utilize that at its best then maybe they can compete with other exchange coins. See the IDEX token one of the ebst dex coin ever launched. They are fairly compete with their rival even on centralized exchanges. There are too many dexes that are good such as bancor network and kybet network that have potential to increase more in the future.

A token within the network makes it a good investment to keep and has the chance to grow within it depending on the platform.
It's almost like BTC paired to all coins. When BTC is pumped all other coins are pumped. The tokens within the TRON network are going to be big when TRX goes up. When ETH reached up to $1400, the ERC tokens are also worth investing in.

All these networks have their own DEX. TRON DEX, EOSDEX, IDEX and etc, all they just need is BTC to go all the way up.

Binance isn't running a real DEX. Their "DEX" is centralized. All the nodes verifying transactions on their "DEX" is owned and ran by Binance themselves, which means it's NOT decentralized.

IDEX wasn't decentralized either, otherwise they wouldn't be opted to ask for KYC in the end. A real DEX is not owned by any single indiviual, as it becomes centralized like that.

Do you think DEX can compete with CEX. I do not think so.

How many DEX do you think have been able to deliver what they promised I do not find any single DEX that has been able to do so and are they more popular than CEX?

If they come up with their own then I am sure they will tank on day one of listing and with less volume these coins will perish.

Exchange coins depend on the performance of exchange and their marketcap completely depends on the number of volumes generated by the exchanges.

I doubt it will ever happen.

I Think so too, I notice that the more successful the exchange is the more their native tokens get successful too, to the credits literally go to exchanges itself not on the native token it has produced. I have seen start up exchange releasing their native tokens sameb time but it never panned not like everyone is expecting because of Native Tokens native of success.

Native tokens are dependent on the success of the exchanger because the exchanger usually uses the token so that investors can use the exchanger facility, such as a transaction fee discount or maybe to buy an IEO token. This makes the native token request increase if the transaction at the exchanger continues to grow

IEOs that are launched in large exchanges do not have to wait a long time to register in that market, after IEO ends you can sell them, like that is the positive side of IEO in large exchanges.

DEX is really good as you say it is trustless and decentralized. But I don't think it will be the next BIG THING, you know why? Compared to DEX, CEX (Centralized exchange) has more volume and liquidity. Traders want fast trading execution and DEX is stagnant. Now we have leverage margin trading on CEX more traders are attracted to it. In the majority, most traders want fast results or profits. But DEX still has a potential to surpassed CEX we will see that in the future.

It must be true that IEO will also disappear just like how ICO did.

Maybe for some of the exchange token but there are tokens that will be needed for long term particularly for the ones that we still stake. I have been here long enough to follow these tokens. There is a reason to hold them for staking, some of these exchange coins are useful for the trading of course.

Then i think you should consider looking at this tokens SWITCH. is one of the dex tokens which is really doing great on the market. It's user interface is a great one and also allows traders to trade easily. Transaction fees are also very small as compared to other dexs

As you said, these coins experience huge pump because all investors are interested in passive income, but lately they found out that it is not as profitable as they thought, so they dumped it. Personally I hold some exchange tokens and it wasn´t a good choice, there are more profitable coins for staking - Tezos, ICON, Cardano.  ;)

Most Dex coin are useless and even the Dex itself is dying for lack of trade volume. No major HYIP about Dex anymore.

Useful actually. The hype hasn't started yet, there's Defi to be expected. The liquidity will grow, its just that there are only few percentages of the crypto users in the entire world. Get it 10% of the population using crypto and its enough for anyone to join the DEX.

I'm afraid sooner we will all be hiding from the KYC we have submitted somewhere and it will be biting our asses if we keep doing it. Its yet not late to hide even if you have already submitted some documents before.