When a thing is denied, something new starts at a higher level. submitted by
The update and iteration of the currency circle takes only a few days.
On August 13, Yam, the token of a popular DeFi project, plummeted by 98%, while YFI, another DeFi cryptocurrency, outran the digital currency Bitcoin Gold by value under capital operation.
According to their familiarity with DeFi, blockchain investors in 2020 can be divided into two categories. The "New" investors are active in DEXs such as UniSwap and Balancer, striving for hundredfold returns on investment amid fake projects, while the "old" investors stick to mainstream cryptocurrencies and advocate value investment in the three major CEXs.
Despite its long history, DEX did not prosper until recently. It has processed transactions of over US$520 million in the past 24 hours, and the trading volume for the past week has exceeded the figure across 2019.
But still, many people are stranger to DEX. I. Will DEX shuffle the existing trading market?
Upon discovering something new, you can describe it, but never evaluate it superficially.
UniSwap occupies 55% of the entire DEX market. Celebrities in the circle enjoy discussing the changes brought by UniSwap on social media and how it will change the existing trading landscape.
On August 5, Jay, CEO of OKEX Exchange, publicly stated that "UniSwap can hardly replace the current mainstream exchanges." on Weibo.
He also listed two reasons:
- With insufficient transaction depth, UniSwap cannot support large transactions;
- UniSwap cannot set prices independently, but has to follow the prices set by other exchanges.
He also recognized UniSwap’s AMM model in the post.
Soon this post was criticized by Dovy, the founding partner of Primitive Ventures, to the effect that Jay had quite limited knowledge about DeFi and the reasons he proposed did not hold good.
She also mentioned the advantages of a new generation of DEX represented by UniSwap:
Traditional exchanges determine the price and market value according to a small number of chips in the market. By comparison, AMM relies on the entire LP pool to contribute liquidity, and a small number of chips will not lead to severe fluctuations in the price. The price follows the curve of the static liquidity pool within a time range, rather than the manually controlled order book. 2. Is UniSwap good enough to replace centralized exchanges?
Neither OK or Binance had expected that one day their arch rival was not each other, but the newly emerging decentralized exchanges.
With totally different operating methods and business models, DEX and CEX have their own merits.
CEX comes with evident problems. Ordinary users do not trust its security due to the rampant data cheating. For project developers, CEX requires high fees for token listing and maintenance.
The advantage of CEX lies in its low threshold and mature business model.
Just as Jay said, DEXs represented by UniSwap are still faced with great challenges posed by user habits. For example, UniSwap does not support limit orders or the candlestick chart, and users need to rely on a third-party Ethereum wallet for operation.
The innovative AMM model allows ordinary users and small market makers to get involved and earn market-making fees, reducing costs and improving liquidity.
According to the trading volume at this time, UniSwap may not be able to replace mainstream exchanges, but it is good enough to replace second and third-tier exchanges. 3. Is OneSwap an upgraded version or a copy of UniSwap?
"The success of UniSwap proves the necessity of the DEX that does not require permission and supports AMM in the market. However, UniSwap comes with two shortcomings. One is the lack of support for limit orders, which greatly restricts trading methods and liquidity; The other is the excessive transaction cost and poor transaction efficiency due to the limited processing capacity of Ethereum." - Yang Haipo
Recently, OneSwap, known as the upgraded version of UniSwap, announced that it will hit the market in early September, and has received an investment of US$10 million from CoinEX.
To develop an open-source centralized trading platform like OneSwap, it is easy to replicate the technique. But among so many Swap applications in the market, what advantages does OneSwap have over UniSwap? 1. Limit orders
Neither buyers or sellers of UniSwap can set prices independently; instead, they need to follow the prices set by other exchanges. If they want to buy tokens at a specific price, they have no choice but to wait till tokens at such a price appear in UniSwap, a waste of time.
Continuing the good practices of centralized exchanges, OneSwap supports the traditional order book based on rapid exchange, offering more flexible trading methods and further enhancing the liquidity of digital assets. 2. The candlestick chart and depth map
Without an order book, UniSwap has been criticized for its simple transaction interface which does not even contain the basic candlestick chart. As a result, it cannot satisfy numerous traders’ demand for data analysis.
UniSwap’s AMM model is believed to be a vital catalyst for its explosive growth. With an additional incentive mechanism of transaction mining besides liquidity mining, OneSwap leaves more core benefits to its users.
OneSwap will charge the Taker a fixed percentage of transaction fees based on the transaction amount, while the Maker does not need to pay. The transaction fees are divided into two parts: 60% for liquidity and 40% for the repurchase and burning of ONES. In transaction mining, both liquidity providers and traders will receive ONES as an economic incentive. The market is looking forward to a new product that is as user-friendly as CEX and as safe as DEX. Is OneSwap qualified to meet such demands?
While bitcoin may be in the final stages of the bear market, Adamant capital’s report says the market could still dip back down to retest 2018’s lows to further digest the hundredfold run-up ... Binance is a cryptocurrency exchange platform that offers a wide range of trading features. In this in-depth guide we help you understand how to use Binance's basic and advanced interfaces, fees and limits, how to take advantage of the BNB token and more. AAX is confident that the crypto industry has the potential to grow at least a hundredfold, reaching into the trillions – and find its rightful place in global finance,” said Thor Chan, CEO of AAX. “The crazy times when a simple whitepaper would generate millions of dollars in mere seconds is over. This was not sustainable. We’re launching AAB at a time when the market is more sensible ... A new report from Adamant Capital concludes that it is now time to start accumulating bitcoin before the next bull market begins. In the past, Adamant Capital also published reports on bitcoin as ... Bitcoin is in de laatste fase van de bearmarket en het is tijd voor accumulatie, volgens een rapport van Adamant Capital door bekend Bitcoin commentator Tuur Demeester en Michiel Lescrauwaet. Uit hun onderzoek concluderen zij dat de accumulatie-fase al aan de gang is en dat het marktsentiment aan het keren is. Bitcoin skyrocketed, reaching a maximum of US$20,000. 2018-torture the bear market. Entering 2018, cryptocurrency began to enter a bear market. While reporting on cryptocurrency, CCTV began to explore the technical value of blockchain. On May 17, CCTV CCTV-13 News broadcasted the report “Bitcoin: Virtual Currency for Real Shopping”. The ... Bitcoin Investment News . July 14 2020: Coin Bitcoin add a new bitcoin payment proof, Invest 0.01 btc return 1 btc aftter 1 day. July 12 2020: Electrum, one of the most popular Bitcoin wallets, supports Lightning Network payments,Bitcoin Mutual Fund min deposit reduced from $200 to $50 today. July 10 2020: Crypto Retirement members have exceeded 200, we are ready to set up a VIP area, all ... More than ten years ago, when Bitcoin was first introduced, society discovered a few more promising sources of income. For example, the ones brave enough to invest in Bitcoin at the right time have now multiplied their capital hundredfold. And those who did not do that in time started to receive profit from Blockchain in a different way — they began to mine. Let us figure out what mining is ... HER, the next hundredfold cryptocurrency June 22, 2018 By CoinJournal Press Team Hero Node is pleased to announce that on the 16th June 2018 it was added to the Bibox and Lbank exchange platforms. A Chinese Bitcoin trader allegedly committed suicide after he lost a massive amount of BTC on a highly leveraged trading position, according to Chinese blockchain outlet 8btc. Hui Yi was the trader that lost BTC 2,000 (estimated at USD 16.2 million at time of writing) of investor funds when he adopted a short position leveraged […]
Ripple News: 13:14 Litecoin Halving: 16:50 Bitpanda IEO & IEOs allgemein: 17:55 Binance Hack und BNB: 20:50 Tether Whales: 26:00 Es ist wieder Samstag, dass heißt für euch Wochenrückblick. In ... Latest Cryptocurrency News Bitcoin Analysis & Price Prediction Samsung Travala Binance Etc. Latest cryptocurrency news today in hindi Video covers th... In today's video, we take a look at the binance expected acquisition of coinmarketcap and whether or not this is good for crypto. If you would like to be highlighted on my channel please reach out ... Bitcoin Technical Analysis & Bitcoin News Today: Binance will launch Bitcoin leverage trading. This mean that Binance will compete with BitMEX and Bybit. Also, I'll use technical analysis on the ... breaking news!!! proof bitcoin manipulated by binance and coinbase!! is $8'500 the target!!? PROOF BITCOIN MANIPULATED BY BINANCE AND COINBASE!! IS $8'500 THE TARGET!!? CZ, founder and CEO of Binance, is LIVE with us to answer ALL your questions regarding bitcoin, binance, and cryptocurrency in 2020! [This is NOT sponsored!]... I get asked multiple times on where I get my accurate #BTC #signals for trading on https://binance.com, https://bitmex.com, https://bybit.com, https://pro.co... Binance Tutorial deutsch In diesem Video erfährst du wie man auf der Plattform Binance Kryptowährungen handeln kann und gegen Bitcoins kaufen und verkaufen k... Aprenda como ganhar dinheiro, como economizar e como sair das dívidas com o CANAL DINHEIRO ════════════════════ 📌 BINANCE COM 15% DE DESCONTO: https ...