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Decentralized Exchanges and the Future of Cryptocurrency
Decentralized exchanges are now up to 20% of spot-trade volume. That's just four years ago, when it was 0.06%. The most extreme version of what DeFi is on the fully decentralized side would be something that doesn't have any external off-chain dependency. "It gets to the core of actually what we mean when we say DeFi," he says.