Decentralized Exchange

“We also have a lot of projects that are working on fractionalizing NFT art. So splitting up these NFTs into multiple pieces, and these individual pieces are also tracked on the blockchain, and you can trade them through decentralized exchanges.”

“July of last year, four and a half billion or so of trading volumes. That was more than all of 2019 combined. Fast forward to January of this year, sixty billion of trading volume.”

“So decentralized exchanges are one of, I think, the most important, yet most poorly understood areas of the decentralized financial landscape.”

“The way these mechanisms that people are building interact with the blockchain is very complex and opens the door for external actors to make a lot of money from front running them and make a lot of money from doing algorithmic trading on the network and every…”

“You can just run this 20 line Python script and you can profit off of users in a way that was maybe not foreseen and is not sort of explicitly stated to them because of how inefficient these mechanisms are.”

“The way I view it is that crypto and decentralized exchanges give people the option to use them, so not everyone has to be their own bank.”

“Yeah, the two ones that I think will go mainstream are decentralized exchange and probably gaming, something along the lines of collectibles.”

“I do think that decentralized exchange will play a massive role in the future of this ecosystem.”