Hello fellow platform users
Today I prepared an article about decentralized exchanges and give my opinion if they are still worth your investment. In article you will find difference between Dex ( Decentralized exchange ) and Cex ( Centralised exchange ), show you picture of top 10 Cex by volume and present you top Decentralized exchanges with graphs
Before I start writing I must inform you that besides Uniswap, Cake and 1inch I am not involved in any of those exchanges nor I ever use them.
CEXs and DEXs are both platforms that help buyers and sellers trade. While a CEX is operated by a single entity, a DEX is run permissionlessly through smart contracts on a blockchain. An entity or project may help set up and maintain a DEX, but it can run itself as long as people provide liquidity
Top Exchanges by volume honourable mentions goes to Bitget, Bitstamp and Crypto.com
A decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to centralized exchanges (CEXs), decentralized platforms are non-custodial, meaning a user remains in control of their private keys when transacting on a DEX platform. If you would like to learn more about dex and top dex exchanges you can read this article by coinledger
https://coinledger.io/tools/best-decentralized-exchanges
What Is Uniswap (UNI)?
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges
I already wrote a word or two about Uni before in different articles first three levels were already hit and the third one is already booked
What is Curve (Crv)
Curve network is a Layer-1 network with lightning-fast, Secure & scalable blockchain economy. Curve Network Token. CURVE is the native utility token of Curve network blockchain. CURVE will be used to pay transaction fees or any services directly related to the on-chain activity
As you can see Crv had its hipe and has corrected 99% from its hipe. If you want to get involved in this project be careful and as soon as you have some profits pay yourself
What Is 1inch Network (1INCH)?
The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space
The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 400+ liquidity sources on 12 chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, Fantom, Gnosis Chain, Klaytn, Aurora, zkSync and Base
It was funy how some big platforms promoted this project and did their followers dirty after. As you can see 1Inch went to lunch levels but I think this will be one of three ( Cake and Uni are other 2 ) that have a chance to actually survive
What is PancakeSwap ( CAKE )
Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products such as an exchange to swap tokens, a yield farm to earn rewards, syrup pools to stake CAKE tokens, Ethereum liquid staking (wBETH) and simple staking, Pancake Protectors gamev3 position manager (new feature), a prediction market, Initial Farm Offering (IFO), token launches, a bridge to bridge CAKE to Ethereum and Aptos, a lottery and a NFT marketplace
You can read more of Cake in Bnb article but yea I nailed it đ
What Is dYdX Chain DYDX ?
The dYdX Chain is a proof-of-stake blockchain network built using the Cosmos SDK and leveraging CometBFT for consensus. The DYDX token is the L1 protocol token for the dYdX Chain, as agreed by the dYdX community through dYdX governance (Snapshot vote and an on-chain vote)
Holders of the DYDX token can use their tokens to run a Validator or stake their tokens to a Validator in order to participate in securing and governing the dYdX Chain network
Another project hiped by big platforms and I hope you are not holding a bag for them because it was a game changer till they paid their profits. I am not involved in this project but if I would be I will be interested in buying at green levels and pay myself early
What is Balancer ( BAL )
Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools
The protocol operates a few types of pools:
Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.
Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).
Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool
Be careful with this project it is very spiky. As you can see they mark the price up and sell it quickly that is why I would pay myself as soon as possible if I would be involved in this asset and the second thing it can go much lover but I dont have enough data to tell you how low. Be careful
What Is Osmosis (OSMO)?
Osmosis (OSMO) is a decentralized exchange (DEX) for Cosmos, an ecosystem of sovereign, interoperable blockchains all connected trustlessly over IBC, the Inter-Blockchain Communication Protocol. Osmosis also offers non-IBC assets bridged from the Ethereum and Polkadot ecosystems. Originally based on Balancer-style pools, Osmosis is moving to a more sustainable concentrated liquidity model that provides a superior trading and liquidity provision experience
To be honest with you this is the only project I am interested at buying just because of potential. Correct me if I am mistaken but I think it is first Dex on Cosmos and big spike to 12,50 bucks. As of my experience they usually recover at least 50% of vector
About Stackswap
Stackswap (STSW) is the utility token across Stackswap products and networks. Built on Bitcoin via Stacks, Stackswap is the only permissionless DEX that allows users to launch their tokenized Web 3.0 projects on Bitcoin. Products like Group Farming to allow projects to reward their users, and cross-chain swaps to directly swap from USDC, Bitcoin, and Ethereum to tokens listed on Stackswap. With a founding team that led cutting-edge artificial intelligence research, Stackswap aims to use its expertise to allow AI to have greater input in Stackswapâs DAO system, and enhancing the success and activity for all those involved in the platform
This project went up to 19 dollars. Don't know what to say or feel about it. Maybe in future maybe
This is all from my side. To be totally honest I don't see much more gains and popularity of any Dexes. Yes there will be few others will not survive the regulations from SEC and other institutions which will provide swapping and staking and other services cheaper. And to conclude and I am sorry to say that be prepared to say goodbye to "decentralization"
Hope you learn something now, trade safely and don't get stuck into hipe. Always do your do diligence and research the project before you do any conclusions
I have nothing but mad love and respect for you take care#uni #BullorBear #cake #DYDXBEARISH #bitcoinhalving