Centralized or Decentralized? Make a Smart Choice in the Turbulent Crypto Market

With crypto’s growing acceptance to the general, people have been constantly asking, where could I buy $BTC, $ETH, $DOGE, $SHIB, etc. The answer to the question is decentralized finance (DeFi). Here, you have two options: centralized exchange (CEX) or decentralized exchange (DEX).

The difference between CEX and DEX could clearly be told by their names: CEX relies on a trusted third party — the “center”; while DEX involves trading from wallet to wallet.

As DeFi experienced a fast and revolutionary year, a recent report by CoinGecko indicated the growth of DEX massively outpacing the corresponding growth of CEX at 300%. According to the analysts,

“The growth of DEX is likely due to the fast-paced development in the DeFi space, such as new launches in liquidity mining, yield farming, governance tokens, and more which drove up traffic & volume considerably.”

During the SHIBA rally in the past weeks, we heard many scandals and compliance about the pauses and delays on CEX. DEX, on the other side, were supposed to be the solution to the myriad of structural issues that CEX’s couldn’t shake, such as large-scale hacks, a lack of flexibility, regulatory issues, and many more.

The advantage of DEX has been sufficiently proved by the increasing market data. The dominate DEX — Uniswap, accounts for a significant bulk of the total volume in the past year at 60.2 percent. Other DEX platforms have also noticed a significant uptick. Curve protocol driving 25.1% of the total volume was ranked second while positioned third was Balancer with a little over 7% among other platforms.

SashimiSwap as an incorporating master in the DeFi field that perfectly integrates AMM, lending, mining, vaults, and many features. It maximizes the use of liquidity provider’s assets through collaboration between multiple components.

Since the launch of V2, SashimiSwap has been eagerly making improvements to create not only better user experiences, but to be a truly decentralized source of asset exchange. We believe on the upcoming brand-new platform; and it will be easier than ever with unprecedented earnings. It is here DeFi to stay.