Collective DEX Volume is Starting to Outperform Some Major Exchanges

[vycl87]

IDEX, the once DEX market leader, has lost the limelight to Kyber and Uniswap, which are constantly vying for the top spot.

The 24h net peak volume of all Ethereum DEX nearly touched the $35M mark, with an approximate trade per unique address of $6,000. The reasonable value of volume per user hints that ETH DEX volume is not wash traded.

www.daomaker.com

The reason for the high volume of DAI is obviously the frequent use of DAO's Oasis platform within the scope of DeFi. According to the latest figures, it has reached a volume of about $ 1 billion so far. (You can find the instant numbers here: https://defipulse.com/)

Maker's DeFi platform is the most used in this context. (According to DeFi pulse data, the dominance rate is 56.89%) In this case, the volume of DAI seems to be high, since you receive DAI as a loan for each ETH locked in Oasis.

[Marckolind]

This makes me extremely bullish on DEX's moving forward, and to be honest, feel a bit of FOMO as I really want to buy a Blocknet Node before it gets too expensive.

A Blocknet node can profit from:

Block Rewards
DEX Trading Fees
XRouter Fees (Decentralized Oracle Network, basically).

I believe owning a node could potentially make you a living if DEX's take off eventually, as millions of dollars will flow through these nodes, taking fees as profit. Thoughts?

[Scotslass]

This makes me extremely bullish on DEX's moving forward, and to be honest, feel a bit of FOMO as I really want to buy a Blocknet Node before it gets too expensive.
A Blocknet node can profit from:
Block Rewards
DEX Trading Fees
XRouter Fees (Decentralized Oracle Network, basically).
I believe owning a node could potentially make you a living if DEX's take off eventually, as millions of dollars will flow through these nodes, taking fees as profit. Thoughts?

I believe there will occur more sustainable services in nearest future, since crypto is growing really fast so does the rivalry between big companies and exchanges.
But the investments you're talking about are worth it for sure

[wozzek23]

This is a very good sign that Decentralized exchanges are getting good volume, which was needed! Now, I believe many traders will come to DEX, because it is secure with fewer hackings issue!

I guess you must be having very good opinion about the decentralized exchanges whereas I'm not having such a opinion because in my experience, I still believe the decentralized exchanges are not actually decentralized and only up to some point, they are ensuring about decentralization but not for complete trading.

Recently, I have noticed that Etherflyer
DEX exchange came on the top rank according to Coinmarketcap! I don't know how is this possible, because almost 2 billion trading volume in a DEX is just impossible! This is incredible! The good thing is once Etherflyer exchange looked very confusing and difficult but now it's User Interface like a pro-CEX and easy where it is a Decentralized!

This is first time I do hear about the exchange Etherflyer and I must appreciate for your time about its ranking thing on coinmarketcap. It is really good to know such a performance from a decentralized exchange. I will keep on tracking them by following their volume/reputation from this community.

[aemma]

Personally I would say it is good seeing more Decentralized Exchanges (DEX) coming up, maybe one day there will be one which be adequate and advanced enough to challenge the centralized exchanges. The issue which has been and still discouraging people from trading on Decentralized Exchanges is volume and maybe the interface although only a few can cope with the interface. So if these are taken care of, I believe with the nature of its good security, there will be a change in things therefore attracting more users.