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Chainalysis: DEXs Have Grown 550% in 2021 as Competition Among CEXs Heats

The DeFi sector has seen a massive amount of money flowing onto its ecosystem this 2021 alone. So much that trading activity on large decentralized exchanges (DEXs) has increased by over 500% – outpacing trading volumes on popular centralized crypto exchanges (CEXs), according to a new report from analytics firm Chaynalysis.
2021 Is The Year Of Decentralized Finance
The report highlighted the fierce competition amongst centralized exchanges this year, with traders seeking the best platforms to trade amid the crypto boom since January. The transaction volume on crypto exchanges has increased significantly throughout the year, and while it isn’t constant, it shows a general upward trend. 
However, centralized exchanges have been outpaced by DEXs, with large protocols like Curve, PancakeSwap, and Uniswap surging by roughly 550% during Q1 and Q2 of 2021. Decentralized trading platforms were the most active exchanges compared to other business models since Q1 2019.
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We współpracy z: https://cryptopotato.com/chainalysis-dexs-have-grown-550-in-2021-as-competition-among-cexs-heats/

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