davinchi
Legendary
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Merit: 1058
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December 08, 2020, 09:44:20 AM |
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All of these "dex's" in the list are not even proper dex actually, they are dex in the sense of blockchain world but they still have a team above it that could change everything whenever they want. Whereas uniswap is not like that, they have a governance token which means they give the power to people, you do not see it on binance dex or anything like that.
Give some rich man enough money potential and they will find a way to make dex a lot more cex than it could. So, I think at one point uniswap will move beyond everything else and will have billions traded there all the time, that at least would be something I can see and truly decentralized at the same time as well. Not really guaranteed thing but would make a lot more logical sense to me that way.
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aemma
Copper Member
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Activity: 966
Merit: 14
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January 06, 2021, 11:26:54 AM |
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There are too many DEX now which will make a trader or investor wonder which is genuine and secure and which is not, even to the extent many of them are now trying to run one airdrop or the other all in a bid to get more traders, but the concern is, how long will they last? That's by the way, going to the business at hand, I would say Uniswap. The reason or reasons are, Uniswap took time to build its reputation, and this is what attracted a lot of new projects and today it has one of the biggest trading volume, and every traders knows what that means. Secondly, Uniswap is highly sort for now, how? Most times, we see in project groups people asking the team when listing on Binance or other top exchanges, that same scenario is now played out, that is, investors and community members now ask project team when listing on Uniswap. And lastly, Uniswap has a pretty decent interface thus making trading easy as well.
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shoreno
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January 07, 2021, 01:55:10 PM |
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There are too many DEX now which will make a trader or investor wonder which is genuine and secure and which is not, even to the extent many of them are now trying to run one airdrop or the other all in a bid to get more traders, but the concern is, how long will they last? That's by the way, going to the business at hand, I would say Uniswap. The reason or reasons are, Uniswap took time to build its reputation, and this is what attracted a lot of new projects and today it has one of the biggest trading volume, and every traders knows what that means. Secondly, Uniswap is highly sort for now, how? Most times, we see in project groups people asking the team when listing on Binance or other top exchanges, that same scenario is now played out, that is, investors and community members now ask project team when listing on Uniswap. And lastly, Uniswap has a pretty decent interface thus making trading easy as well.
i dont know if what are the basis of a dex to call it secure or geniune unlike to cex that we can easily identify , maybe that is because almost all dex are the same . less strict , less reported scams and lesser noise because most users are foccusing on centralize exchanges . i know , i will just look if whose dex are popular and being talked about the most because that means other people already know what is like trading on them . airdrops on exchange are one of the marketing ways to grow the exchange , if not for the airdrop happened on uniswap i wouldnt know them and i think many are also not going to discover them but i think it was effective because uniswap are still leading till today .
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longyenthanh
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January 07, 2021, 11:08:09 PM |
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DEXs are still not very popular due to their very small market share. There are simply too few sellers and buyers. I think that with time, when the community learns more about security and understands what decentralized exchange is, it will change. In my opinion, bisq.network has the best chance of becoming the most popular DEX in future.
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bttmember
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Activity: 938
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AMEPAY
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January 08, 2021, 10:51:03 AM |
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The title says it all basically. The DEX competition is HUGE, so many projects seems to be competing in this field. The first DEX on the market was Blocknet, pretty decent DEX, but there are so many out there. What do you guys think? Time has proven that swap based dexes have really become dominant and they were an instant hit as they provide ease of use for the traders and investors alongwith additional profiting features in the form of yield and liquidity mining.
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BuNga_cute
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January 08, 2021, 11:27:39 AM |
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Based on data on Coinmarketcap, the top decentralized exchange site that is ranked number one is Uniswap. I agree with this data because of all the DEXs that have sprung up today the one that is very active is Uniswap, and also the trading volume at Uniswap is also very high. So all this time, if I want to use DEX, I always make Uniswap my first choice, but if in the long term I predict Binance DEX will be the most popular and widely used. As we know, the best and most used CEX is Binance exchange, so I believe that in the future Binance DEX will be the best.
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nightflightcourt
Jr. Member
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Activity: 322
Merit: 2
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January 08, 2021, 11:15:27 PM |
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The title says it all basically. The DEX competition is HUGE, so many projects seems to be competing in this field. The first DEX on the market was Blocknet, pretty decent DEX, but there are so many out there. What do you guys think? Time has proven that swap based dexes have really become dominant and they were an instant hit as they provide ease of use for the traders and investors alongwith additional profiting features in the form of yield and liquidity mining. Leaning heavily towards Stakenet DEX.
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WalkerIVIV
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January 09, 2021, 03:29:15 AM |
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The title says it all basically. The DEX competition is HUGE, so many projects seems to be competing in this field. The first DEX on the market was Blocknet, pretty decent DEX, but there are so many out there. What do you guys think? Time has proven that swap based dexes have really become dominant and they were an instant hit as they provide ease of use for the traders and investors alongwith additional profiting features in the form of yield and liquidity mining. it's still being dominated by the centralized exchange site. The dex is still popular but due to the congestion that happened with ethereum chain and there are bunch of complaints about that. People must have paid two digits for the transaction fees while they will pay nothing when they were using the centralized exchange site. Uni is still dominating the decentralized market. https://coinmarketcap.com/rankings/exchanges/
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ice18
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January 09, 2021, 07:50:29 AM |
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Most replies are Binance dex but no one speaks about Uniswap it was launched 2018 and silently developing killing features and now its one of the most popular and most used Dex right now their liquidity earning features is really a great idea of a dex and even some CEX cant compare into Uniswap when it comes to liquidity but the only problem is the eth gas fee which is really a pain in the ass in the users of Uniswap.
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TheGreatPython
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January 09, 2021, 09:02:56 AM |
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Based on data on Coinmarketcap, the top decentralized exchange site that is ranked number one is Uniswap. I agree with this data because of all the DEXs that have sprung up today the one that is very active is Uniswap, and also the trading volume at Uniswap is also very high. So all this time, if I want to use DEX, I always make Uniswap my first choice, but if in the long term I predict Binance DEX will be the most popular and widely used. As we know, the best and most used CEX is Binance exchange, so I believe that in the future Binance DEX will be the best.
That means Uniswap is the highest listed one, not the one that is going to be the best, it just means most used right now. I feel like in 2 years there could be a new one, but I think Uniswap has a good chance as well. Probably I would go with either Uniswap or maybe a new one instead, that is what I am thinking. Uniswap made their listing that high by giving away a ton of money to people, they didn't even decided that price because they just said "it should worth this much" and people agreed, which happens very very rarely but apparently they did such a great marketing that price peaked over 8 dollars for a while. Which is why I think it is going to be awesome for Uniswap in the future no doubt, it will be either best one, or at the top levels for sure. However at the end of the day I still think just like how Uniswap suddenly became big, there could be something that comes along and beats everything.
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nightflightcourt
Jr. Member
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Activity: 322
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January 12, 2021, 05:47:24 PM |
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Another case for Stakenet DEXNow that it has been listed on Bitfinex, and Bitfinex supports LN BTC, you can send BTC to the DEX and privately swap into other LN-based coins and ETH/ERCs instantly after buying it
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SlimShadyMmp
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COMBO 2.0
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January 12, 2021, 10:32:25 PM |
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Sure they will be here as far as crypto exist which I will say forever but am sure some among them will be down along the way so watch it
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bitkanu
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January 13, 2021, 04:13:56 AM |
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Sure they will be here as far as crypto exist which I will say forever but am sure some among them will be down along the way so watch it
It's a common thing dude and people know that. it looks like the uniswap will be still dominating the dex market. Sushi swap is the only reliable competitor for the uniswap. i have been watching it and it looks like there's a big gap between sushi and uni. Uni will be last forever just like binance the was dominating the crypto market. it's very interesting to see the competition between all of those dex exchange sites.
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