Decentralized exchange token prices soared

[Bazley]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

[zaim7413]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

The next hot spot will be as usual, namely the increase of all popular Altcoins in the market so you will also see the average Altcoin will be green as it is now, because the benchmark is not specifically news from china, but rather how many users of the market cryptocurrencies so far.

[X-ray]

the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.

All of dex tokens were rising a lot due to the massive migration by people to use the decentralized exchange site instead of pegged with the centralized exchange site. Sovryn was also growing a lot due to the this news.

I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

massive migration is happening right now as the ban that conducted by the centralized exchange site has been forcing people to go to the decentralized exchange site. This is also making people to buy the dex token as well.
Im glad to see that how people started to realize that if the decentralized exchange site was better than the centralized exchange site but dex is still lack of features compared with cex.
This is all good for the crypto ecosystem

[masterrex]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

Well, the decentralized exchange or DEX services are good in terms of security and privacy, and also it was aligned with the crypto industry's decentralization dream. But besides all of those features and functions, still, they are not spared with some problems like the expensive transaction fees in Ethereum Network, Anyway, the DEX's governance tokens prices are on the rise now because of the huge demand from the investors because it has a huge potential.

[Rahman11]

A large number of Chinese users will flood into the DeFi world, and the number of users of MetaMask and dYdX will greatly increase. All Chinese communities are discussing how to learn defi.

[crzy]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

That's the only option to be more safe away from any government regulations so its expected for them to get the hype while there's a panic on-going on most of the centralized exchange. This could be a great time for those DEX, but don't expect all of them to rise because for me only the top choices will rise since that could be more safer to invest and to spend your money.

[freedomgo]

I have expected it already, but can you provide data for us to see what Decentralized exchanges are rising in volume at the moment?
China ban resulted in panic selling probably, at least from people in this country, so I guess they also have to pay for a high transaction fee or gas fee when they use a DEX (Decentralized exchange ).

It's good development of DEX as they are actually struggling since Binance and other Centralized exchanges had dominated the trading volume.

[RIPMABA]

The trend of DeFi has not passed. Decentralized exchanges are DAPPs that can truly practice the spirit of Satoshi Nakamoto. In fact, only continuous updates can make the project more perfect, and the development of DeFi is not even just starting.

[ivankoh]

Markets ready to react to China FUD include Huobi banning Chinese users, Binance blocking fiat trading for Singapore citizens.  Apparently the previous user's basic reaction was Withdrawal and Dex/defi proved more advantageous.  At Dydx, Sov, and Uni all skyrocketed, showing a clear recovery.  I think the rampage towards Defi will usher in another phase as soon as October.

[makishart]

I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

China's news were driving them all. I have been holding majority of my assets into the decentralized exchange tokens and almost all of my tokens were growing a lot. China's news was also making binance to re-evaluate its decision to accept the singaporean traders. It seems like china's news was giving big impact to the crypto.
that's why people are starting to put their assets into the decentralized exchange site. In my opinion that if the decentralized exchange site was more convenient compared with the sentralized exchange site that was easily to be taken down by the regulators. This will give people no choice rather than converting all of their assets into the decentralized exchange tokens or assets that was trading on the dex.
I guess more bad news will be driving people to leave from the centralized exchange site to the dex. this is just the matter of time. i must have loaded more DEX tokens lol.

[Masyudhi]

Markets ready to react to China FUD include Huobi banning Chinese users, Binance blocking fiat trading for Singapore citizens.  Apparently the previous user's basic reaction was Withdrawal and Dex/defi proved more advantageous.  At Dydx, Sov, and Uni all skyrocketed, showing a clear recovery.  I think the rampage towards Defi will usher in another phase as soon as October.

I also have confidence that this rally will continue for the DeFi project market in the next month. the moment is being heated and DYDX has already become early to heat.
we'll see for more continuation because some observers are still signaling a small correction that may occur in bitcoin. but hopefully, that doesn't happen.

[Teknisi88]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

Looking at the various dYdX news and projects from last year, I see that the future looks very positive for dYdX.
However to ascertain whether it will rise or fall in 2021-2022 no one can say with 100% certainty whether dYdX will go up, but in practice I see that many cryptos have increased by a large percentage in the past year.

[firesurfer]

DEFI price increase causes Domain BTC.D to drop. Money flow will continue to trend towards altcoins.
The strong ban from China is an opportunity for DEFI to raise prices and it makes sense. DEFI will be the main trend for many years to come.

[X-ray]

I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

People have no choice and they must trade on the decentralized exchange site to be able to access the trading features. The decentralized exchange site will not make KYC as mandatory and they can trade on such platform anytime without worry for their accounts to be banned. this is making the price is increasing gradually. The bad news from china was slowly triggering the adoption for the dex. This is good but at the same time it will be giving bad impact to the cex as it must ban more countries from its services. that means less money will be on its daily trade volume as we know that there are lots of big trader were also coming from the china. The dex much more secure compared with the cex.
I hope that this can also trigger the dex developers to create more and more innovative features

[suryogandul]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

as reported the deFI project will be more crowded in the near future. This is evident in accordance with the Chinese government's decision to enforce these rules. but in my opinion the most important thing is how the market in the future looks like it will start to improve with the situation

[lumierre]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

I gree with you that coins of decentralized exchanges are likely to grow now as many centralized exchanges like Huobi and Binance don't let new users from China to register if they don't use VPN. So they have to look for alternative variants, and decentralized exchanges are a good choice, but they don't support fiat money usually, so they can be used only for exchanging one crypto to another, what makes the process of adding capital quite difficult.

[Ekyfitri]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

as reported the deFI project will be more crowded in the near future. This is evident in accordance with the Chinese government's decision to enforce these rules. but in my opinion the most important thing is how the market in the future looks like it will start to improve with the situation

next month until the end of this year will likely belong to the DeFi project. DeFi coins are surging pretty well, we have a lot of chances to see the market will grow again. Now maybe it's not too late, hurry up and fill your bags and party for the end of the year.

[distr@yopmail.com]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

I gree with you that coins of decentralized exchanges are likely to grow now as many centralized exchanges like Huobi and Binance don't let new users from China to register if they don't use VPN. So they have to look for alternative variants, and decentralized exchanges are a good choice, but they don't support fiat money usually, so they can be used only for exchanging one crypto to another, what makes the process of adding capital quite difficult.

The best alternative for traders who have regulatory issues like China who have already been blocked from some centralized exchanges is decentralized exchanges. they can still trade crypto assets even though there are strict regulations in their country. but how do they make withdrawals for fiat?

[bitkanu]

DEFI price increase causes Domain BTC.D to drop. Money flow will continue to trend towards altcoins.

What do you mean about domain BTC? if you meant BTC was causing this dump and people will still stay on the cex. what you're saying didn't fit the reality that happened in the market. it's not about money from bitcoin was moving to the altcoin but this is the different case that was involving  the government from china. The regulators from china were making so many crypto platforms to prohibit people from china again.

The strong ban from China is an opportunity for DEFI to raise prices and it makes sense. DEFI will be the main trend for many years to come.

Agreed, The decentralized exchange site might become the main key to take over the users that were getting prohibited on the several countries. DEFI trend will be last forever.

[TravelMug]

After the news that China banned exchanges from providing trading services to Chinese users fermented, the token prices of decentralized exchanges rose, such as sushi, uni and dydx, especially the rising stars of dydx.
I think they will continue to rise and drive the market into a positive stage.What do you think is the next hot spot?

I don't think it has something to do with the Chinese news or FUD. Decentralized exchange tokens have been here for many years already and has a so-so performance. Maybe it was just right time to pump these coins, or it was just a coincidence.

Nevertheless, good for investors who have been holding this for a while, for sure you can easily take profits and then go on the next DEX to pump.