Memcoins are very useful for the DEX ecosystem - expert
🐶 Trading meme-coins is beneficial for decentralized #exchanges (DEX) as it attracts non-traditional DeFi traders, stated Synthetix founder Kain Warwick at the MemeGlobal Sydney conference.
"There’s an argument that memecoins are pure speculation, in my view speculation is good. It’s valuable"
- he added.
👌 Warwick disagreed with some speakers who question the usefulness of this class of cryptocurrencies.
According to him, meme tokens bring 💰significant volume to DEXes, enabling platforms to create "better tools":
"Even if the investment is in a purely speculative instrument that has no utility, the #ECOSYSTEM around it starts to form and that money flows through and the investment flows through into infrastructure, which I think is good."
✔️ Warwick further noted that meme tokens, #NFTs💌🖼️🇩🇪 , and GameFi "engage more emotions and cultural ideas, which are much more interesting, understandable, and accessible to the average person than DeFi."
