Perpetual decentralized exchanges (PDEXs) are challenging the dominance of centralized exchanges (CEXs) in the cryptocurrency trading market. Despite their innovative approach, PDEXs face numerous challenges in terms of market share and technology.
Picture a world where the traditional rules of the game don't bind cryptocurrency trading . This is where perpetual decentralized exchanges (PDEXs) come into play, a relatively new kid on the block in the grand scheme of DeFi. The market is constantly changing, and perpetual DEXs have been a game-changer, growing their market cap beyond $2 billion. But it's not been a walk in the park.
Despite their innovative approach, these platforms have been nudging for space in a market heavily dominated by CEXs. It's like David versus Goliath – with perpetual DEXs holding around 3% of the total trading volume, they've got their work cut out for them. The challenge isn't just about size; it's about technology too. Building a sandcastle with a teaspoon is difficult – that's how perpetual DEXs have sometimes felt with their on-chain order books facing off against the sleeker, more streamlined CEXs. But every David has his slingshot
Perpetual Decentralized Exchanges Pdexs Cryptocurrency Trading Decentralized Finance Defi Market Cap Centralized Exchanges Cexs
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