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In 2020 and 2021 bull market, DeFi 2.0 was very hot and tokens of decentralized exchanges like Uniswap, Pancakeswap, Sushiswap, 1inch Network, Apeswap ... were very hot and had some x10, x20 growths. Three years later, after more than 1 year of bear market, those tokens lost a lot of their all time high values.

With collapses of Terra, DeFi 2.0 model shows their weakness and do you think those tokens will be recover to their all time highs in 2024 bull run?

https://coinmarketcap.com/currencies/uniswap/
https://coinmarketcap.com/currencies/pancakeswap/
https://coinmarketcap.com/currencies/sushiswap/
https://coinmarketcap.com/currencies/1inch/
https://coinmarketcap.com/currencies/apeswap-finance/

Depends on the tokenomics. Some of those projects have 50-100% annual inflation. Means that some of them can reach new level of adoption, ATH in volumes, ATH in marketcap and still not even being close to price ATH.

As for the dex tokens in general, I believe that in 2021 it was a novelty and hence such spectacular gains. Even though the technology has aged a bit, I am still positive and in my opinion the returns on investment in good DEXs will be greater than the whole crypto market in general. The only thing that can threaten this is the attacks of regulators on altcoins.

Probably yes. The dexes are the strenght of decentralization on defi projects. Without them the altcoin markets will be doomed. As far as I can see, the problem here isnt them but the community has been wrecked by previous landslide dumps last bull run. Apparently the nft era has gone down and those liquid tokens associated with them got fallen too. Maybe a new era and something new would keep them alive again and probably keep them to continue. But all in all, these dexes are important to trigger another bull run aside from bitcoin sky rocket time waiting.

I think the future of tokens like Uniswap, Pancakeswap, Sushiswap, Apeswap and others is uncertain, and their recovery to an all-time high in the 2024 bull run is difficult to predict. However, it is important to remember that the cryptocurrency market is highly volatile and can be affected by various factors such as market sentiment, adoption rates, technological advances and regulatory changes.

Although the DeFi 2.0 model may have shown some weaknesses, the development and evolution of the DeFi ecosystem is still ongoing, and this token is at the forefront of that innovation. As such, they can continue to play an important role in the future of decentralized finance.

I don't think they'll all recover, you mentioned five and my prediction will be two out of those five will recover fully and they're pancakeswap and uniswap. The rest are just a replicate of this two giants and without the Defi hype coming back they can' survive.

But the rest will need there to be another Defi hype in the next bull market for them to recover fully. Every bull market comes with its own hype so the attention will be shifted next bull market.

I see lots of layer 2 projects coming up recently and I feel there'll be a hype on this projects with polygon and arbitrum leading the way. We also have AI trend still yet to hit its highest potential and I think we'll see that in the next bull market.

A few of them might will but talking in general with all of them, it's hardly to see them go back to their former. Only a few altcoins and those are the exceptional ones that did recovered and have reached more than their past ATH.

But the majority in speaking even if they're a very popular token from any of these defi or exchange token, once they've fell and dropped a lot. It's very hard to see them get back from the peak that they've been once in.

I do not think so, because the period in which *Decentralized finance (aka DeFi) * witnessed growth was the period in which there was a lot of free money and the investment did not generate a lot of money, for example the interest was closer to zero, but now conditions have changed a lot and deposits in banks are safe and provide a serious return.

Also, the regulations that force the platforms to stop staking and generate free money for customers will put severe pressure on these projects, given that they are centralized at a point, and the pressure will generate people’s distancing from those investments.

Those projects looks strong enough to bounce back on the next cycle. None of them have stopped right? I think we should also consider how regulators view all these staking platforms and their native tokens. It could cause a huge crash if they classify them as unregistered securities and sue any of them that accepts investors pr traders from the US.

Even with layer 2 some of these are still uses these dex as well for major listing and dex trading like example uniswap. Aside from cex, there are still a lot of users that uses it even though the liquidity is much bigger on cex due to KYC so, its quite impossible these kind of dex wouldnt recover even with presence of L2 projects.

I see a problem like this we shouldn't look at a few failures as an irreparable weakness, of course those that can't afford and make mistakes have been eliminated.
To me the DeFi environment is something that cannot be forgotten and will only grow larger, the volatility of the entire market affecting the value is understandable, and like many things in the crypto environment if they remain. If the role works well, the user will still use it and the value will recover over time. As for the ATH of each coin, I'm not sure they'll be able to surpass what they're used to, but I'm more optimistic about the returns they'll bring in the future.

The tokens of many well-known decentralized exchanges are now 90% cheaper from the absolute maximum, and this is a good investment, but maybe not for 2024. Therefore, I would not buy these tokens up to more than 5-7% of the investment portfolio. The popularity of decentralized exchanges will grow, keeping some tokens (1 inch) on the wallet helps to reduce exchange fees.

I think the future of DEX in the crypto market is very potential and there will be strong growth in the near future. Like traditional exchanges, DEXs allow users to exchange their cryptocurrencies with each other, but unlike traditional exchanges, DEXs do not require intermediary control from a third party. This reduces security risks and increases the transparency of the transaction process. This makes the DEX an attractive solution for those who want to trade freely, without the paperwork, bank accounts or high fees required to use the services of a traditional exchange. With all these benefits, I believe that DEX will continue to grow and become the main means of exchange in the crypto market in the not too distant future. So if the above DEXs meet such criteria well, the tokens of the projects will also benefit without a doubt.

In my opinion, not all of these tokens of decentralized exchanges will reach their ATH during the 2024 bullrun. However, the most popular UNI and CAKE tokens are more likely to reach their ATH. Every bullrun many new tokens come to the market and some of them show a lot of hype and many old tokens never reach their ATH. But top coins have more possibility of touching ATH.

The answer is NO. Simply because these tokens start from small circulating supply then later own increase until the max supply was reached. All start-up project has the tokenomics of releasing the total supply in tier throuh specific time table. This token manage to reach all time high when their token supply is at the lowest level. Right now most of them increased there total supply to optimum level which is the main culprit for the continuous price decline.

Unless this project has a deflationary mechanism to decrease the total will make reaching ATH again possible. DeFi hype is almost over due to scarcity of liquidity that coming from VC money. Banks are struggling which is the main source for capital so I doubt that DeFi will be prosperous again without the liquidity that they need.

I like the way Uniswap is developing, at some points its trading volume already exceeds that of the centralized exchanges. I fully support this development of decentralized exchanges. But at the same time I absolutely do not support DEXs like Pancakeswap. They are breeding grounds for scam and all sorts of fake tokens. We need to do something about it, otherwise with the abundance of such sites cryptocurrencies will continue to be associated with scam and distrust.

It's important to note that the projects we're discussing here are considered mainstream and not to be classified as "shit coins." However, with the ongoing trend of decentralized finance (defi), we have seen some emerging AI-based cryptocurrencies that are worth keeping an eye on.

It's difficult to guarantee that all of these cryptocurrencies will reach their all-time highs (ATH) again, but it's possible that a select few may do so, particularly if Bitcoin reaches its ATH again. Furthermore, these cryptocurrencies have established large communities, and when the bull market returns, we can expect people to flock back to these projects to earn some decent profits.

Nevertheless, predicting the crypto market's behavior is always a challenge since the nature of crypto is volatile. We must be cautious and keep a watchful eye on the market's movements.

It was due to the hype at the beginning that Uniswap DEX was able to reach the highest point with its volume, even I am not sure about the future because there will be many rivals that will occur but it is the trend that has destroyed their token at its lowest point.

Damn Pancakeswap is a place where shit coins are there all obviously this is still happening today there are even tokens that cannot be sold or withdraw liquidity to the point of being rugpull.
Indeed Pancakeswap is a hotbed of junk tokens.

The collapse in the price of DeFi 2.0 tokens has nothing to do with Terra. It's just the influence of the bear market. And this condition of falling prices also occurs in all altcoins. Terra is just a bullshit coin that is ruining the crypto market. If we attribute the price of the DeFi 2.0 coin to Terra, it will destroy all of DeFi's reputation. These coins will grow during the bull market. It is not yet time for this coin to increase, because the growth in Bitcoin price has not fully occurred yet.

After DeFi token era have been ended and many of coins kinds from Uniswap, Sushiswap, Pancakeswap and Apeswap have been over seems right now have new coins potential like ARB or arbitrum. Appreciated with DeFi token success reach most higher price like Pancake success hit until 44$ when first time launching under $1, but right now not only with pancakeswap token but also all DeFi token have dropped drastically and back to lowest price.

Arbitrum could be priority as the next DeFi token although right now stable $1, usually with DeFi token need several months later after launching for raising up and I think ARB need one or two months later will make new all time high price.

The thing is that the growth potential of Dexes is very huge, yesterday I read Uniswap did more volume than CoinBase and the bull market has not started yet. If the transaction fees on these DEXes can be brought down significantly close to the CEXes level and the speed also increases significantly then I think these tokens can at least hit their ATH level again and this is at least 10X from the current price level. The two tokens on the list I am not that positive about are ApeSwap and SushiSwap, they are a lot of work to do.

Many scam tokens rely on decentralized exchanges for their trades. They don't want to spend capital for centralized exchanges to list their tokens. However, decentralized exchanges actually show that they have power to free projects, communities from centralized exchanges and don't t have spend ridiculous high listing fee for centralized exchanges.

Why do we need CEXs if DEXs can work just fine?

There are and will be more attacks on decentralized exchanges. Just like attacks on Peer-to-Peer marketplaces to force them closing their services down like LocalBitcoin, LocalCrypto, Paxful latest months.

Because most of decentralized exchanges have public founders and core team members, they are not actually decentralized. They can be shut down by governments if they request founders to do that. Facing with risk to be put in jail, founders will choose things to make their life better after earning enough from years of their DEX operations.

You talked about 2024 bull run like you are so sure of one, yes Bitcoin and Ethereum with few other altcoins are on a bullish run but most altcoins are actually near their all-time low, let's hope there will be one though.

Out of the tokens you listed, Uniswap to me is the most likely to recover but I don't see it reaching the all time high again based on current trends. The competition is growing and the operating environment has also changed.

Uniswap is developing and it does have some regulation rules, so there are not so many questionable tokens that sometimes live for days or weeks. I noticed that the increased interest in decentralized platforms comes after centralized exchanges start to have some problems. The crypto community wanted DEXs to be a full-fledged replacement for centralized exchanges, and it turns out that DEXs have become a kind of lifeline for those who want to use cryptocurrencies in times of market turmoil and FUD.

I agree with you, the projects that OP mentioned are strong projects from a fundamental standpoint. So, there's no doubt those projects will regain some value in the next bull-run. Especially Uniswap and Pancakeswap which have become mainstream DeFi platforms for the respective ETH and BSC networks. But for ApeSwap or 1inch I'm a little doubtful about them, let's see what will happen when the Bitcoin halving occurs which is predicted to be a bull-run point.

Perhaps they will return to their previous price, or maybe they will grow even more. Much depends on how users will use the platforms. If they are in demand in the future and are popular, then everything can be in favor of raising the price. I personally use these platforms often.

Personally, I don't see much hope for them, since several years have passed since the establishment of these large platforms, and yet their tokens still have a low market price.

They have already given their best and I do not think there is more that can be offered, despite all this we do not witness strong increases in the price, but I hope to see them in the next bull making great gains because they are really good platforms.

unless, they will innovate their services and will come up to an improvement of their services. but seems that they already plateaud their services. if we won't hear any new products or ideas, i guess, they will also be forgotten by the crypto community. but so far, they still have market because some users are still using the DEXs platform.
if you are an investor in this market, better get out from this type of token. you have better assurance when you go to BTC or ETH.

they are doing fine honestly, you see even uniswap has consistently become the number one gas guzzlers in ethereum blockchain despite the fact that even using their swap platform requires tremendous gas for fee alone.
I'd say the fact that their token is rather stuck or stagnant is definitely should be a concern but honestly these tokens in general are just waiting for next bullrun.

What about moving on to the new hype? DEXs and DeFi were already overused; we need something new. What about hybrid exchange? which combine the strengths of both CEX and DEX. I'm wondering why this kind of exchange is still in hibernation. They've been developed for better trading experiences, but none of these exchanges has been hyped, even since the downfall of many CEXs and DEFIs. Do you think there's any chance the hybrid exchange will take over in the future? I personally believe that with the right marketing at the right time, it could also blow up.

I did hold some CAKE tokens for quite some time, and ended up as a loss. A bit disappointed at myself because of my wrong choice of investments, but it is what is.

I think there are many people who already observed this kind of thing that there are many scams coins that are being created not only on Pancakeswap, but on different DeFi Exchanges. This is also the reason why developers, and other people are sharing their token address whenever somebody ask because that's their only way for them to prevent others from getting scammed. Unfortunately, there are still people who are getting scammed, because they aren't asking sometimes.

Overall, I don't like DEX'es either because of the fact that many scam coins, dead projects, and abandoned projects are there. Maybe the only DeFi that will survive, and will see another bull run is Uniswap.

I'm a little distant for pancakeswap dex. I think they can be successful on the one hand. But if the between them have a dex that will succeed, will be Uniswap. At this point, it will be important how they will develop a dex that makes a lot of volume in Cake daily. I would say it has potential. They hasn't been able to top out 4 dollars since it crashed in price.

In my opinion, despite experiencing a significant drop in value, all of these projects are still strong and have the potential to recover in the next bull run. During the last bull run, meme coins such as Shiba Inu were very popular, but it remains to be seen which coins will have high demand in the next bull run. Meme coins, like Shiba Inu, are still in demand. While it's impossible to predict whether these coins will reach their all-time highs again, I believe that they have the potential to bounce back. However, this depends on the conditions of the bull market.

the future of the DEX token can indeed be considered very risky because if the DEX experiences a hacker attack or something,
then it is certain that the token and the platform will be completely shunned,
and reportedly Sushiswap is currently being attacked by a hacker and look at the price of sushi now which has decreased.

I'd say it's gonna be rather stagnant, there are quite literally so many swap platform these days that I think these token owned by these swap platform are a little bit irrelevant.
honestly, with the appearance of new swap platform linear with the release of many L2 it's gonna reduce value of their tokens.

PancakeSwap have good strategy to reduce their total supply by Buying back and Burn quarterly. In bear market, people look to forget about that program but when quantity accumulate enough, it will change in quality and make noise on the market. $CAKE will do rally in a next bull run and next altcoin season.

Before Uniswap, Pancakeswap, Sushiswap, 1inch and growths of DeFi exchanges since 2020 bull market, there are other ways for scam coins to be created and listed on centralized exchannges. Before that we have EtherDelta, CryptoBridge exchanges too and generally we can not blame those DEXs are fully responsible for scam projects. Investors and traders themselves are responsible for their choices like why did they choose those shit coins but did not choose Bitcoin.

I am bullish on Pancakeswap but even more bullish on Q Blockchain, which has a built in digital ID, DeFi, staking, escrow and more, which means integrated DeFi is much safer because it is developed by the core team. Also, Q has Q ID, which means users and developers can be doxxed, which prevents hacks and exit scams.

I doubt these coins will be able to surpass their highs in 2021, on average these coins have lost 80% more than their last ATH, and I think what happened in 2021 to these coins was the hype that caused them to be overpriced so that in -the next year will only be profitable for early investors and those who buy now, but those who bought at the highs will be stuck there, and it is best to sell at a loss, rather than money sitting around making nothing in the long run

Defi will definitely gain more popularity in the near future. Especially since FTX caught many people off guard. So I think there will be more and more dex services coming out now since many don’t want to use CEX except for a fiat on and off ramp pretty much.

Regarding the tokens values keep in mind that most tokens are near lows now compared to the highs of the bull market. So just because the token is cheaper doesn’t mean the project is a failure. It’s not trading like a stock of a company where if it falls you think it’s about to go under.

Regarding decentralized exchange tokens like Uniswap, Pancakeswap, Sushiswap, Apeswap, it can be assumed that their future depends on many factors, such as the popularity of their platforms, competition in the market, changes in the regulation of cryptocurrencies and blockchain technologies, and other factors.
Despite last year's downturn, some experts believe that the DeFi market has great potential and may continue to develop in the future. It is also possible that decentralized exchange token prices may recover in the future if these projects continue to develop and attract users.

That is the trouble most of the time for these because there aren't enough buyers to cover the increase of the supply make any sense. ETH is also like that but it has enough buyers to make it make sense, because a lot of people keep buying it even thought it is unlimited supply.

In order for this idea to work, you have to have a lot of buyers, even during the bear period, there should be enough to make sure it doesn't bottom out at the near zero levels, it should keep its rank at least on cmc for example. ETH did, it is unlimited supply and bear happened and it stayed at second, because it's a good one. Pancake was the one I had so much belief in, and sad to see not doing so well as much as I expected it to do.

Perhaps you bought tokens at the wrong time, at a time when the price of the token began to fall precipitously. At this time, it seems that the price of CAKE has stabilized and entered the stage of consolidation and accumulation. Of course, this is not a financial advice, but I think that soon the tendency of falling and consolidation can change and the price will return to some higher values.


Although I don't see much evidence of fraud in CAKE token, I'm more inclined to believe that the exchange has chosen not quite the right development strategy and many have a bad association when they hear about Pancakeswap.

Decentralized exchanges is a need for the future and some of them will stay. Even though there is hackings and all going on, if we are to talk about just the idea of the swaps then I can say that it is going to be as good as it gets. I personally use them as much as I can even though I use CEX as well, and this is me who sends most of his money to Binance, that means there are some people who send all their money to DEX as well.

This is why it's a multi billion dollar industry and even though names can change and maybe something else will start and all that, we have to realize that the idea will go on. I do not think that it will ever end, and yes stuff like apeswap or sushi may die, but new ones will come out and be stronger.