Yes and it has grown even more the last few months thanks to Uniswap. Unfortunetly you can not buy anything else then ETH tokens on it. Would be nice to have everything in one place sometime in the future. Once that happens, then crypto is golden.
All the DEXs that are on that chart in the pic above have been instrumental in migrating people away from CEXs, especially Uniswap.
No one was expecting this shift so suddenly and you can see that in action by reading through this very thread.
This thread was created before the perception on DEXs changed and it was assumed that Binance and the like would be irreplaceable.
I mentioned Stakenet DEX in the OP. Of all the projects mentioned back then and all the ones that have come about since the DeFi bubble started, the Stakenet team are at the forefront. 1 deposit non-custodial wallets with an L2 swap approach and simple Uniswap UI to eliminate gas fees.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FTyEp0NM.png&t=665&c=1xsfrNxDDkOB3g)
As basically every major DEX is exclusively ERC-based, nothing comes close to this. There is a much deeper level of interoperability attained between Bitcoin, Ethereum, and many other LN and ERC compatibles via Lightning and Raiden.
If current things can work well at Uniswap, then it is not impossible that in the future we will be able to have everything in one place through developments that can be carried out by Uniswap itself.
Uniswap is bound by Ethereum's network. If ETH's network is already this congested, it will not fare so well unless it takes an L2 approach. Perhaps it will be ok when ETH 2.0 is rolled out, but even then ETH 2.0 will still benefit from offsetting excess and spam tx.
2020 is not the year of DEX.
This year is the year of Decentralized Finance projects and also those Uniswaps which are becoming popular.
Sadly, we thought that this year many will focus on dex's but it's not. Maybe 2021 is the year where people will be serious about dex.
Uniswap and the DeFi label are catalytic gateways to proper DEXs. Major players in the crypto industry have hopped on the DeFi bandwagon - making cherry-picked 'DeFi lists' and going as far as to back terrible projects (SUSHI) for their own gain instead of backing legitimate projects with strong development track records.
You'll get that with Stakenet's 2nd layer DEX.
They've integrated their own native token: XSN + BTC + LTC, and is working to integrate ETH and it's many tokens next.
The cool thing about this DEX is that's it's gonna be running on their network of 2000+ masternodes, who will act as payment "routers" between everyone who trades on the platform, they will be compensated in fees for this service.
As this DEX is operating offchain you can transact INSTANTLY, with virtually 0 fees involved compared to traditional onchain fees ($30 in some cases for ETH).
All this, while being able to store your coins in the same dApp and being in complete control of your own private keys at all times.
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
Here's a cool video showing how it works:
https://www.youtube.com/watch?v=wSNFhFBKmsc1 year later, I still think Stakenet will do very well.
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
What happened to KMD AtomicDEX? That had a lot of promise. Have not heard much from them in awhile.