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Author Topic: Is CEX A Bridge between the Secondary Market and DeFi?  (Read 59 times)
RyanHuang
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September 04, 2020, 07:51:41 AM
 #1

According to Dune Analytics, total trading volume on Decentralized Exchanges (DEX) rose from $4.5 billion in July to $11.6 billion in August, up 160% year-on-year, setting an all-time high for the third consecutive month.

The DEX trading platform Uniswap trading volume reached $6.7 billion in August, an increase of 283% year-on-year, the recent daily trading volume is more than the centralized platform Coinbase for many days.

September 2 data, DEX trading platform Uniswap 24-hour trading volume exceeded $1.59 billion, Coinbase 24-hour trading volume of $655 million, the former reached 2.43 times of the latter.

With the popularity of Uniswap, some people believe that the decentralized exchange (DEX) robbed traffic from the centralized exchange (CEX).

If you participate in DeFi through DEX and CEX, you will think that this is completely a layman’s view. CEX and DEX complement each other, both of which together promote the liquidity of the DeFi trading market. It can be said that CEX is the bridge between the secondary market and DeFi, together with DEX thriving DeFi ecological market.

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Yaunfitda
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September 04, 2020, 08:31:20 AM
 #2

I think it's pretty obvious, CEX facilitates everything so definitely they can be called a bridge and most traders are really into CEX right now because of the volumes and liquidity it has to offer as compare to DEX. And this numbers just coincides with what we are seeing right now, altcoin market is on a bull run because of the craziness of Defi with billions now flowing and more to come as there is no stopping this bubble.

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ilovealtcoins
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September 04, 2020, 08:51:26 AM
 #3

It is possible to enter the DEFI market through CEX and DEX. People can lock up their assets on a smart contract.
Trading on DEX is riskier because tokens are not clear about the DEV pool and there may be scams but when trading on large CEX we may find that these coins have to deposit a fee to list is listed there. In a centralized platform, it is still possible to create contracts for everyone to participate in DEFI.





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hrunya102
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September 04, 2020, 09:28:12 AM
 #4

For many Defi, this is difficult, and for example, the same Binance introduces its users to defi, after which they will be able to try the defi product themselves.

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