DEX increase volumes, CEX reduce

[darewaller]

It seems that people are starting to realize that the decentralized exchanges are the best for them, so they don’t want to be making use of exchanges that are centralized anymore. Centralized exchanges might be good in some ways, but there are so many advantages to making use of the decentralized exchanges when you become well experienced.

The number one thing being that there is security as they are not relying on third parties, the control is all on the users, which is totally unlike the centralized exchanges. And when you start making use of decentralized exchanges you will notice that the speed for transactions is faster than CEX.

[1714805334]

1714805334

[1714805334]

1714805334

[1714805334]

1714805334

[(o)(o)ilikeboobs(o)(o)]

I notice more realistic trading volume on DEX than CEX even though Bot's presence remains.
DEFI has helped people find DEX and it's good for liquidity providers. The control of the market rests with those involved in trading and providing liquidity. Projects can be listed on the DEX without any ridiculous fees.
DEX helps us avoid AML / KYC policies. Many people do not like them and some countries prohibit their citizens from trading on CEX.
Recently, CEX has been involved in many scandals related to money laundering, hacker attacks, ... these are the main reasons that the crypto market has been heavily affected. Everyone needs a safe place to trade their assets, DEX is a good choice in this case.

[Sebas.tian]

Basically nothing short from these happenings, those whom understood the dark days of the ICOs will agree that this won't last becasue of this alarming  cases of scam within the the ecosystem. When people decide to go after some unrealistic hope of borrow and lending in the name of #defi and later find out that the system cannot guarantee their earnings. The DEX volume increased was seen becasue of the hypes among the #defi's projects which at some point caused it crash in volume. I don't believe in the lasting of this DEX volume increase becasue i myself don't believe in DEX with the current hypes around it existence.