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tbDEX and how it could be crucial to DeFi market, Square’s fortunes
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ambcrypto.comDecentralized Exchanges are a huge attraction in the DeFi space. Hence, it is no surprise that Square has decided to dip its toes in it as well. Its recent announcement comes at a time when the entire DeFi market is pulling around after a week-long affliction. Can its effect help the market recover? And more importantly, can it help Square itself?
Week-on-Week, Decentralized Exchanges’ (DEXs) trading volumes have been shooting up. The total volume stood close to $27 billion about 5 weeks ago, with the same crossing the $46.4-billion mark last week.
DEX weekly trading volume | Source: Coin98
In the DeFi space, DEXs are still the leading category of all protocols. On most of the top blockchains including the Binance Smart Chain, Ethereum,
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