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Newsletter • over 1 year ago

The Secret of CEX Appeal

Polybase
Summary
  • Spot trading volumes have risen for Bitcoin and Solana on centralized exchanges (CEXs).
  • This suggests that the number of new users entering the DeFi space may be low.
  • Decentralized exchanges (DEXs) have seen a decline in spot trading volumes.

Source: https://messari.io/newsletter

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Rise in Spot Trading Volumes Shows Limited Adoption of DeFi Among New Users | DePIN Hub