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There has always been a strange phenomenon in the encrypted digital asset market: most of the value conversion of decentralized digital assets based on blockchain technology is completed in centralized exchanges (CEX). For a long time, the decentralized exchange (DEX) based on blockchain technology has always been only one ten-thousandth of CEX. However, this ironic status quo was broken by a sudden newsletter on August 30:
As soon as the news came out, the whole circle was boiling. No one expected that this milestone in the industry would come so suddenly. Everyone cant help but start to wonder: can the crazy DEX end the hegemony of CEX this time and occupy its own place in the battle for liquidity?
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Well-deserved crazy
Surpassing CEX is indeed an exciting thing, but compared to the performance of DEXs led by Uniswap in recent months, it is far from worthy of the word crazy.
The first is the crazy congestion. Investors who participated in the recent yield mining must have been impressed by the outrageous gas fees of the Ethereum network. The influx of hot money wants to give it a go with the mentality that it must be profitable, but the network congestion caused by this network effect has pushed the miner fee to an unbelievable level.
Every time you open ETH GAS STATION to check the current gas fee situation, Uniswap V2 always occupies the top of the gas fee ranking list. In the past 30 days, Uniswap miner fee expenditure exceeded 12 million US dollars, which is more than 4 times the miner fee expenditure of other projects in the Ethereum network. In addition, the miner fees of other DEXs have also increased significantly compared with usual, 1inch Exchange is $1.49 million, Curve is $590,000, and Kyber Network is $500,000.
According to Uniswap official data, more than 100 new asset pools are created in Uniswap every day. Since the V2 version was launched, more than 6,000 asset pools have been added. But behind this kind of madness, there are actually great hidden dangers. All kinds of ghosts and snakes will use this unapproved tool to issue a lot of counterfeit money, and Xiaobai who doesnt know whats going on will be the victim of a new type of scam. This makes the official have to try their best to prevent the harm of counterfeit currency to investors even if they lose part of the user experience.
image description Uniswap daily new asset pool histogram The most powerful one is SushiSwap, which just experienced power subversion last week. It has made some innovations on the basis of Uniswap and has taken away nearly 80% of Uniswaps liquidity. In addition, a large number of Xniswaps are simply plagiarism. Some of them are kind and kind, at least they have made improvements on the UI, and after a makeover, they went online to show people. But more so-called project parties just change a logo, modify a theme color and go online directly. Crazy will always go to peoples minds, and the mentality of dont care, lets talk about it later makes the yield rate of the industry even more uneven. Those who get mobility win the world What is liquidity? Quoting Wikipedias explanation: Liquidity is the ability of an asset to trade smoothly at a reasonable price.secondary title
