Good evolution

The downfall of FTX and all what happened before with other centralised crypto exchanges, has really put investors to thinking. Since then the growth of decentralised exchanges has been staggering. To the point that Uniswap, the DEX on Ethereum had a bigger volume than coinbase in the last half year. 155 billion versis 145 billion. This is huge news. As it stands now, more than 40 % of the exchanges is decentralised. Which will definitely even grow more in the future.

This is good news for the entire crypto community as it makes transactions safer, trackable, and especially the storage of coins safer.

Bad news…

The bad news is, the transaction volume all over the crypto sphere hasn’t been lower in 4 and a half years. That’s what the numbers of August tell us. The positive note here could be that the last time volume was this low, the bull run of 2019 started. So, this could definitely be a turning point and the beginning of a new bull market. At least that’s what the positivo’s would substrate from it.

Point is, we have been through rough water, but the evolution all over the community is positive regarding continuity and safety!

If you use exchanges, use a DEX!

Sincerely,

Pele23