(Yes or NO) The 2020s belong to DEXs

[simpelplan]

I see that projects that fall into the defi-categorization category are in great demand by the community. And there are still some IOS which is supported by big exchanges are also very acceptable. Rather than very few projects chosen by the people. And yes, at the moment some of the major exchanges are pushing their own tokens a little. But yes, the market as a whole is in great shape. There she is.

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[Psynthax]

When up-and-coming DEXs become more convenient than Binance...
I think the days of centralized figureheads acting as gatekeepers are numbered.

Thats quite strange you didn't include uniswap in the list - the only dex exchange that actually beated binance once and still remains in top10 of exchanges overall both cex and dex.
Its only a matter of time before dex takes over the market

The thing about uniswap is that it only good for erc20 tokens within ethereum blockchain and unlike centralized exchange which usually accepts coin other than ethereum and the tokens within ethereum blockchain uniswap only limited to eth tokens.
The platform is good indeed but it needs more than just eth tokens for it to compete against massive exchange like binance which offers convenience and any other typical centralized exchange features.

[nightflightcourt]

Stakenet DEX is getting close to having trustless BTC/ETH swaps 

[Wingsbtc]

Presently I don't have much love for DEX because I enjoy trading on Centralized exchanges, the trading experience is like no other and DEX can't be compared to CEX trading probably because of the good volumes available? Or liquidity? DEX only get the security thing right, every other things belongs to CEX

[tuchenvi]

totally agree, 2020 (and even 2019) - was the dex and defi year! i believe 2021 will bring us all the great hype with cool dex projects.

also believe this) i'm researching a lot of interesting dex projects - recently  researched a new stablecoin dex with nice returns - xsigma, looks credible

[Psynthax]

I think the Year 2020 does not belong to DEXs because few peoples are using DEXs. Most people use centralized exchange due to the fast liquidity to any altcoin and withdraw payment into any altcoin. DEXs have limited liquidity. Just one blockchain-based token is traded; this is truly centralized exchanges that are not more secure than DEXs, but Dexs users are less than centralized exchanges.

You must remember that uniswap is a dex and probably you've seen yourself that uniswap users are so many that it floods the whole ethereum blockchain and make it clogged. Many similar service like sushiswap also emerging, maybe it's not that obvious but DEXes are growing so fast and rapid right now.

[nightflightcourt]

I think the Year 2020 does not belong to DEXs because few peoples are using DEXs. Most people use centralized exchange due to the fast liquidity to any altcoin and withdraw payment into any altcoin. DEXs have limited liquidity. Just one blockchain-based token is traded; this is truly centralized exchanges that are not more secure than DEXs, but Dexs users are less than centralized exchanges.

You must remember that uniswap is a dex and probably you've seen yourself that uniswap users are so many that it floods the whole ethereum blockchain and make it clogged. Many similar service like sushiswap also emerging, maybe it's not that obvious but DEXes are growing so fast and rapid right now.

Yeah. ETH gets clogged fast and ETH 2's benefits are still a ways off. DEXs are growing fast.
Stakenet now supports ETH and USDT from Layer 2.


The animations look pretty cool too
https://www.youtube.com/watch?v=SU_uareVM4U

[tsaroz]

Yes. It does. With so much of friction between the authorities and different coins and tokens, people would keep moving to DEX as DEX keeps improving. A lot of people are now aware that DEX are much better for specific exchanges and they are collecting good enough volume. The only improvement it needs is an automated interblockchain smart contracts to exchange coins between different blockchain to actually blast off.

[vladn00ne]

The majority of CEX's currently on the market are going to lose a lot of value when new regulations are drafted and take effect by the SEC. You may not want to believe it, but this is the most probable outcome. I think the banks are not just going to allow the unregulated cryptocurrency to fly around and enrich thousands and thousands of people who have no financial acumen.

2020 was quite a journey.
2021 will belong to DEX..

** Disclaimer: I am using Blocknet DEX. Founded in 2014, 7 million coins, traded at $1.50 currently. Built the first DEX, and has now integrated it into their multi-currency wallet, which makes it easy to store, and trade your coins. This DEX is NOT built on Ethereum, meaning you can trade BTC, LTC, DASH, and other coins..

[nightflightcourt]

The majority of CEX's currently on the market are going to lose a lot of value when new regulations are drafted and take effect by the SEC. You may not want to believe it, but this is the most probable outcome.

That has already been happening at an accelerating pace since 2017, especially 2018.
The ones that are left will have intense KYC and no privacy coins.

[itovault]

Are there good layer 2 DEXes coming out?  Paying $100 for a trade on Uniswap seems like an anatham to the point of DEXes -- to allow cheap exchanges to happen fast.

[Eddyc]

I really like to highlight the result of the cryptobridge project (BCO) and unfortunately we see the meaning of a failed DEX up close. The big problem is joining the KYC and that is against all ideals of a DEX which is decentralization, freedom and personal financial control. Maybe in 2021 a new improved DEX concept may emerge, but in general it's something that is far from happening due to regulatory pressures on crypto.

[Botnake]

I really like to highlight the result of the cryptobridge project (BCO) and unfortunately we see the meaning of a failed DEX up close. The big problem is joining the KYC and that is against all ideals of a DEX which is decentralization, freedom and personal financial control. Maybe in 2021 a new improved DEX concept may emerge, but in general it's something that is far from happening due to regulatory pressures on crypto.

It's really the hindrance why DEX are failing because they don't anymore live by their name.

This project Binance DEX (https://coinmarketcap.com/exchanges/binance-dex/) was so hype before, I was thinking it will be the biggest DEX but this one is regulated also, so this is likely just a failure with a decent volume but it's not what is expected.

[JeotQ]

DEX are becoming nothing but empty words right now, all they have to offer is just the decentralized part which makes it look like the most secured place to sell your assets but DEX have more problems than regulated crypto exchanges (CEX), trading experience is worse, not enough volumes, fake tokens available on the exchange, transaction fee is too high, these are some of the problems affecting DEX.

[nightflightcourt]

Are there good layer 2 DEXes coming out?  Paying $100 for a trade on Uniswap seems like an anatham to the point of DEXes -- to allow cheap exchanges to happen fast.

Stakenet 

[Ziskinberg]

I think the Year 2020 does not belong to DEXs because few peoples are using DEXs. Most people use centralized exchange due to the fast liquidity to any altcoin and withdraw payment into any altcoin. DEXs have limited liquidity. Just one blockchain-based token is traded; this is truly centralized exchanges that are not more secure than DEXs, but Dexs users are less than centralized exchanges.

You must remember that uniswap is a dex and probably you've seen yourself that uniswap users are so many that it floods the whole ethereum blockchain and make it clogged. Many similar service like sushiswap also emerging, maybe it's not that obvious but DEXes are growing so fast and rapid right now.

Yeah. ETH gets clogged fast and ETH 2's benefits are still a ways off. DEXs are growing fast.
Stakenet now supports ETH and USDT from Layer 2.


The animations look pretty cool too
https://www.youtube.com/watch?v=SU_uareVM4U

Yeah, it really looks cool, is this an app where you need to install in your deskstop?

It's kinda similar to Exodus wallet that I've been using too, just the layout, it's very neat.

[devollito]

Dex is the good project but it is not mature project as we see centralised exchange. The reason people still using CEX ( Centralised Exchange ).

1. Centralised exchange still faster then Dex
2. Fees is lower then decentralised exchange
3. User interface still way better Cex then Dex
4. User Friendly

[nykka]

2020 showed us that Decentralized exchanges have a lot of advantages and they can be really comfortable to use. There is only one problem, which disturb to make it more popular - high fees. When it will be solved some way (some already have decisions like layer 2 etc), DEXes commuinty will grow and maybe CEX will be less populr than now. 2020 was a start year for DEXes. The main game starts only now, I think

[nightflightcourt]

2020 showed us that Decentralized exchanges have a lot of advantages and they can be really comfortable to use. There is only one problem, which disturb to make it more popular - high fees. When it will be solved some way (some already have decisions like layer 2 etc), DEXes commuinty will grow and maybe CEX will be less populr than now. 2020 was a start year for DEXes. The main game starts only now, I think

Layer 2 is the next battleground for sure. It makes the difference between a DEX feeling like a CEX and it feeling slow and having no liquidity.

[b1boy]

Indeed, however as far as insights, everybody has their own perspectives on this, since every individual who utilizes any stage has individual necessities so somebody needs to utilize the stage and that is autonomous of different things, for example, accommodation and highlights allies.