Reckless – Chapter 13: DeFi

February 12, 2023

Lack of liquidity – Liquidity on the DEX was low and there was little incentive to be a market maker. In 2021, total DeFi trading volume represented around 8% to 9% of the spot volume on centralised cryptocurrency exchanges. DeFi trading volume had proved more robust than the centralised competition, quite a success story. At the time, many considered Anchor as the largest DeFi protocol in the world, with the amount deposited exceeding any other DeFi project on Ethereum. As a platform for this kind of trading, DeFi is successful and some of the larger, more established and stronger DeFi platforms, like Uniswap and AAVE are reasonably robust.

The source of this news is from BitMEX