Check out how cryptocurrency investors are dealing with decentralized exchanges after FTX_Official crash and how this sector may develop in the coming months
caused something to change in this sector. In addition to a massive rush of Bitcoin and altcoin withdrawals from exchanges, DEXes have once again seen significant quantities being traded., shortly after the fall of Sam Bankman-Fried's empire, in just seven days, trading volumes on decentralized exchanges reached $32 billion.
Another relevant factor is that DEX is built on smart contracts. Therefore, it can transparently guarantee the trust of each transaction. One or several programmers and developers can audit the information and analyze whether it is true — something that cannot be done with the financial balance of a centralized exchange, for example.The growth of decentralized exchanges during these days of turmoil was expected as the cryptocurrency market is built on hype.
However, even with the benefits that decentralized trading can offer, the path for DEXes to become the protagonists of the market compared to centralized exchanges is a long one.
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