Decentralized Exchanges Saw Over $1 Trillion in Trading Volume This Year (theblockcrypto.com) 15
Decentralized exchanges (DEXs) reported more than $1 trillion in trading volumes in the year 2021, according to The Block Research. From a report: That figure is a massive 858% increase compared to 2020 DEX trading volumes, based on data as of December 23. Last year, DEXs facilitated over $115 billion in trading volumes. Overall, monthly DEX trading volume peaked in May 2021 at $162.8 billion. The most considerable month-over-month growth was in January, with a 137.3% gain, per The Block Research's 2022 Digital Asset Outlook Report.
Wow (Score:5, Insightful)
Wow, that's a lot of wash trades.
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That's nothing. My personal exchange saw over $10 trillion in trades.
No Surprise There (Score:4, Insightful)
“Last year people won more than one billion dollars playing poker. And casinos made twenty-seven billion just by being around those people.“ -Samantha Bee
"DeFi" = "Deregulated Finance" (Score:1, Insightful)
Don't let the crypto bros fool you: "DeFi" means "Deregulated Finance", not "decentralized" as they're trying to pass it off as.
The crypto bros all want to wrestle control away from governments, and do it without any oversight, and hence no accountability. Why else do you think they're all throwing a fit whenever the specter of regulation comes up (you know, the thing all legitimate currencies have to adhere to?)
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That's like 1% of US markets. I'm shocked. Shocked!
1% of all US markets is pretty significant though. We'll be soon reaching Albanian levels of funds in pyramid schemes at this rate.
How many are real (Score:4)
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There's very little real liquidity in these markets.
Just today, Tether minted another billion out of the blue just to pump BTC over $50k [whale-alert.io]. They're not even subtle about it anymore.