Why DEXs Are on the Rise ? 🤔

Decentralized exchanges (DEXs) are gaining traction over centralized exchanges (CEXs) due to several factors. First, trading, a fundamental human activity, continues to drive demand even during market downturns. Second, trust in CEXs suffered after incidents like the collapse of FTX, prompting traders to favor DEXs for better security and transparency.

Additionally, the growth of perpetual futures trading, known for its capital efficiency, has boosted the popularity of decentralized perpetuals, which now constitute 3% of CEX volumes. DEXs offer benefits such as asset control, privacy, security, and potentially lower trading costs, positioning them for further market share expansion.

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