3 ms·
The first killer app is already here: decentralized exchange. The highest volume DEX, Uniswap, had trading volumes that rivaled those of the largest crypto exc
by CryptoPunk 6y ago
The first killer app is already here: decentralized exchange.
The highest volume DEX, Uniswap, had trading volumes that rivaled those of the largest crypto exchanges, like Coinbase Pro and Kraken, over the summer.
It provides a user experience that in many cases is superior to that provided by traditional exchanges, with nothing more than a MetaMask extension on the browser needed to trade Ethereum-based crypto assets, and with no requirement to hand over custody to a trusted third party.
- omarchowdhury 6y agoHow much of that is wash trading?
- CryptoPunk 6y agoEach Uniswap trade on Ethereum costs several dollars in gas fees, so I'm guessing almost none of it is wash trading, as opposed to traditional exchanges where wash trading can be financially viable.