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Centralized exchanges have been the dominant drive on the cryptocurrency panorama for over a decade, appearing as the first methodology of transferring worth between blockchains and serving as a gateway into crypto for the lots. They’ve been instrumental within the early improvement of the nascent crypto sector, with many reaping substantial income. Binance’s income, for instance, hit $12 billion in 2022, a ten-fold enhance in simply two years.
Nonetheless, the success of centralized exchanges has come at a price. Not solely has their dominance positioned an pointless monetary burden on customers, however I might argue that the custodial nature of CEXs has hindered the event of the Web3 ecosystem. The expansion of DeFi has occurred regardless of the CEXs’ stranglehold, with customers counting on non-custodial wallets to entry even essentially the most primary of DeFi merchandise.
The DEX Alternative
Capitalizing on the chance
What does the longer term maintain?
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