POPA Recon✖️The era of DEX ushered in by a bear market source
✖️The era of DEX ushered in by a bear market source 1. DEX is no longer a peripheral market - The DEX/CEX spot trading volume ratio exceeded 20% and rose to 28% at the beginning of this year. - As the ratio, which was close to 0% in 2019, has steadily increased, a fundamental change in the transaction structure has occurred. 2. The competitiveness of DEX is not decentralization but product power - Uniswap in spot and Hyperliquid and Lighter in derivatives are encroaching on CEX’s trading volume. - Narrowing the gap with CEX with more pairs, improved UX, deeper liquidity, and favorable fees a…
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