Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.


Greater Trading Volume: Increased Confidence in the DEXs?

#1
According to D5’s findings, one of the reasons for this increase in trading volume is due to the increased confidence amongst users of the exchanges. Furthermore, decentralized exchanges have mitigated the problem of slippages for many heavy traders. Slippage refers to the difference between the expected and actual transaction costs. Conventional exchanges generally have more slippage, which negatively impacts trades.

According to the research group, another factor that has likely contributed to the rise in transaction volume is the emergence of decentralized financial services such as Edge Wallet, bZx, and MakerDAO. Since such services rely on decentralized exchanges to provide liquidity, any rise in their demand for will also lead to a proportional increase in DEX volumes.
Reply