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Did DEXs just make a strong comeback in their battle with CEXs
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ambcrypto.comCentralized and decentralized exchanges have been competing with each other on almost all fronts over the last few years. So far, CEXs have been able to cater to the masses with their non-complicated interfaces. However, DEXs have been able to retain users by providing them passive yields, while also being more transparent and secure.
In effect, decentralized exchanges have ended up breaking several records of late. For instance, dYdX recently surpassed the volume of Coinbase by a significant margin. However, as highlighted by a recent article, not all DEXes had been able to live up to expectations and it was just the hype.
It was only after China’s crackdown announcement that this category came alive again. Things have, however, changed
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