The essence of cryptocurrency revolves around decentralization. Recent rises and discussions relating to decentralized exchanges have helped to bring many of the grounding foundations back into focus. They draw so many people to the industry in the first place.
DYDX’s airdrop and the uproar about Hyperliquid’s decision to recently extend its points campaign have injected new capital into crypto. As more money flows in through institutions and retail, DEXs become a more significant part of the conversation. However, what are some other factors causing such a surge in usage?
Defining DEXs & Decentralization
Decentralized exchanges allow traders to connect their wallets directly to the site. It is the main difference from their centralized counterparts, often overseen by a company, corporation, or controlling entity. It is a reasonably generic oversight and definition. However, some in the industry will draw their own conclusions and lines between what is decentrali
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