DEX Tokens Surpasses Centralized Exchanges Tokens, Reports Messari

The report by Messari suggests that till date, on average the DEX tokens have been raised by 241 percent and on the other hand. the centralized exchange tokens have surged by 44 percent only.

KNC Leading DEX Tokens

Before the Messari’s report was published the KNC token of Kyber has been leading the DEX tokens with a boost of over 420 percent but after that, its price was doubled. Another token of DEX which has been escalated by 46 percent is LRC.

However, it has been notified that on average the centralized exchange tokens have collapsed.

Recently, the spot volume of DEXs has also been raised to $25 million from $5 million, which also affected the trading volume of DEX share and it surges to 0.5 percent. An assumption is being made that in the future the trading volume of DEX share would be doubled by 0.25 percent.

The researcher at Messari, Jack Purdy, in its report mentions that although the DEX has been growing very rapidly, compared to centralized exchanges its growth is minimal. He explained that the DEX aggregators are the reasons DEX started growing rapidly. The aggregators use to escalate token swaps in lowest price around multiple DEXs for traders.

Purdy mentioned, “A contributing factor is the rising prominence of DEX aggregators such as @1inchExchange and @DEXAG_TokenWire.”

DEX Tokens Have More Potential

According to the report, soon most of the major DEX would be upgraded, after that, their scalability and liquidity incentives will increase and the interest on the respective tokens would also rise.

Purdy further explained that because of the popular centralized exchanges like Houbi and Binance, the volume of DEX has been minimized, but there are some other factors that apprehended their real value.

The price of centralized exchanges tokens is increased via token burn procedure which decreases its supply.

It is to be noted that compared to the centralized exchange tokens DEX tokens have more potential because of its low trading volume.

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