Why I think the DEX narrative is strong& what problem is @Zenith_Swap is solving?
1/5 🧵
Let's take a look the most widely used chain fee data 📊
✅ Total Fees (24h) on #Ethereum chain is approx $4.4 million by all stakeholders as per @DefiLlama#Crypto#DEX#zenithswap
4/5
1. Control of your funds, unlike the case with CEXs. Also, failure of CEXs already pushing DEX adoption more. Trading never stops!
2. No KYC, or any personal information needed when you access the decentralized aspect of DEXs.
3. Easy to use and free from centralization.
@Zenith_Swap @DefiLlama 2/5
✅ More than 55% contribution coming from the leading DEXs such as
@Uniswap@SushiSwap
✅ Clearly, hinting at most on-chain activity or higher value activities amongst all dapps belong to DEX category.
More trades/traders = More Gas fees and vice versa
LFG!
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