2 ms·
The article keeps confusing the blockchain tech (ie: bitcoin) with the centralized exchange business (ie: binance). In 2017-2018, crypto grew so fast that the t
by csomar 3y ago
The article keeps confusing the blockchain tech (ie: bitcoin) with the centralized exchange business (ie: binance). In 2017-2018, crypto grew so fast that the tech couldn’t catch up. The centralized exchanges indeed won.
However, a significant volume is being traded today on DEXs (ie: uniswap). The OP fails to mention that. Uniswap did around $1bn in volume on a Saturday. These amount are very hard to fake as uniswap fees are simply brutal comparing to CEXs. This means a part of the market has moved off-grid and it’s significant. I don’t think the article argument can ignore that fact.