Collective DEX Volume is Starting to Outperform Some Major Exchanges

[crypto1010]

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

[joseyphil82]

Honestly if we can start seeing huge volume on Dex it will make lots of sense, as for me the only reason why I don't use Dex is the trading volume, secondly the confusing interface

[thisnewcoin]

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! 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!

[Strongkored]

That's a good sign but unfortunately the volume cannot be said high but there is only an increase.
DEX will be able to beat CEX in trading volume when they can make using DEX as easy as CEX.

[Yudhisthir]

And DEX have improved a lot throughout 2019 and we would probably see DEX wining over centralized exchanges at least in spot trading.
Many people are forced to pay a larger fees for transacting from one coin to another using a centralized exchange just because they are unaware or afraid of trying something new with DEX. Centralized exchanges are just for fake pumps and dumps.

[Valzador]

Honestly if we can start seeing huge volume on Dex it will make lots of sense, as for me the only reason why I don't use Dex is the trading volume, secondly the confusing interface

You must be kidding, Kyberswap certainly has a more comfortable and more straightforward interface compared to a centralized exchange, now the interface of etherdelta and Idex has fallen behind. If you think that Kyberswap has a bad interface, then you should wait until there is an exchange that has a trading feature using voice commands. lol

[tsaroz]

A legit DEX is much more transparent and secure than a Centralized exchanges. There are no virtual orders as all orders are held on users wallet and there are no chances of loss from the exchange side as they don't hold the tokens. Though users should be extra cautious as they are solely responsible for the security of their coins. It's not a hard thing as they just needs to practice safe web habits.

[X-ray]

Just wanna know about how credible the source that already used by DAI to take it as a source to create this publication. Im also feeling curious about does this calculation used the same matric calculation that already used by CMC? it has different result when you are trying to come to the another MCAP site like coinghecko. The daily volume trade of kyber is not so much as stated on that picture

[BITCOIN4X]

A legit DEX is much more transparent and secure than a Centralized exchanges.

Maybe I should also admit it, but many things that are considered traders prefer centralized exchange over DEX are price differences. If the asking price of a token traded on an exchange such as OKEX or others is valued at $5, then at DEX the requested price is usually lower. Although the level of transparency in DEX its better than centralized exchange but I think many people will choose centralized exchange if the price difference between the two exchanges is much different.

[BlacksmithCorporation]

Decentralized exchanges will undoubtedly be the inevitable trend of cryptocurrencies. However, some exchanges have lessened their inherent decentralization. But I believe that sooner or later these exchanges will follow their chosen course. Decentralized exchanges and Defi are the future of the crypto market!

[bittraffic]

If you manage to trade in CEX you can manage to do it with DEX, its just that there is not much volume to DEX and we can sell out altcoins there. There is also no incentives but maybe now that there are DEX that has its stablecoin today that might chance its fate. DAI certainly can help and USDC.  It probably just need a stablecoin which will make traders stay.

[qazgroup]

Good to see some new names taking the most of the volume among the Dexes and at the same time sad to see the pioneer dexes like etherdelta and forkdelta not even in the list, i am specifically impressed with uniswap that seems to have come up from no where and i think it has big and bright future.

[Flux0z]

Stakenet's Lightning supported DEX will be a game changer, since it allows instant trading and is an integrated part of a multi currency wallet with inbuilt lightning swaps as well.

Check the picture below. This one could in my opinion easily become the industry leader since you don't need to create accounts, sync with any networks, or anything else than that. Just download the application, and start trading.

[thisnewcoin]

Honestly if we can start seeing huge volume on Dex it will make lots of sense, as for me the only reason why I don't use Dex is the trading volume, secondly the confusing interface

Trading volume is not the main issue I think, rather I like DEX because I can buy coins at a very cheap price! But you are right, most of the DEX interface is very confusing and very difficult for a new user. Though IDEX and Etherflyer and Blocknet are changing the game! Their User Interface is almost like a pro centralized exchanges! So, I am very optimistic that as the Dex is getting good volumes, so day by day traders will move to DEX!

[pakhitheboss]

Idex with their new registration and KYC policy has become a shit exchange. It is no more a DEX but a centralised exchange now and this is the main reason why volumes are going down. People love DEX because they do not require registration and KYC. It is good to see new names in the list. I have not tried Khyber network earlier but I should now.

[BubbleButtBabe]

Stakenet's Lightning supported DEX will be a game changer, since it allows instant trading and is an integrated part of a multi currency wallet with inbuilt lightning swaps as well.

Check the picture below. This one could in my opinion easily become the industry leader since you don't need to create accounts, sync with any networks, or anything else than that. Just download the application, and start trading.

https://i.imgur.com/HCXvUjl.png

Does this perform real atomic swaps like blocknet DEX? That to me seem like the only true dex with komodo.
How far from completion?

Dex are the way forward.

[livingfree]

That's a good sign but unfortunately the volume cannot be said high but there is only an increase.
DEX will be able to beat CEX in trading volume when they can make using DEX as easy as CEX.

A good sign as it is but not enough to compare to centralized exchanges. The time will come that most traders will be open and understand the importance why DEXs has been made.

And if everyone will start longing for this kind of exchange, CEXs will start to dry out and basically they'll enter to the era of DEX where they will improve the service. But as long as CEXs are emerging and dominating the market, expect that attention given to DEXs wouldn't be that much.

[Crypto_lion]

That's a really promising in the path to decentralization. I remember an initial decentralized exchange although I don't remember the name was good during the 2017 run. But the main problem with it was that there will be tokens with similar name which will.be really confusing for beginners to deal with .

[Kemarit]

Just wanna know about how credible the source that already used by DAI to take it as a source to create this publication. Im also feeling curious about does this calculation used the same matric calculation that already used by CMC? it has different result when you are trying to come to the another MCAP site like coinghecko. The daily volume trade of kyber is not so much as stated on that picture

It's obvious that they are using different matrix calculations.

But I will agree, it somewhat the data is reliable, it is good to see that DEX is gaining some ground as far as attracting traders. We all know that CEX is still taking over the market, but with so many issues like hacks and KYC requirements, its about time that we should all move to DEX and take advantage of it's features.

[Ucy]

That's good to know. Unfortunately what is lacking at the moment is a ranking system to help investors determine the real/fake decentralized exchanges.
I would likely put in substantial amounts of money in the most decentralized, secure and easy-to-use ones. And the most decentralized ones have to be working constantly to become fully decentralized..if they haven't already