Decentralized exchanges (Dex) quickly gain traction with retail businessmen and quants, as institutions continue to favor centralized platforms, according to Bitget Wallet’s Chief Marketing official Jamie Elkaleh.
Elkaleh told Cointelegraph that the strongest adoption of platforms such as Hyperliquid “comes from retail traders and semi-professional quants.” Retail users are drawn by airdrop cultures and systems points, while quants favors “low fees, fast filling, and techniques to be programmed,” he said.
However, institutional tables are still relying on centralized exchanges (CEX) for their support for FIAT railroads, compliance services and Brokers’ offerings.
Elkaleh noted that the quality of implementation Gap between dex and cex is fast closing. “Order-book-based DEXs such as Hyperliquid, DYDX V4, or GMX are now delivering latency and depth used to be exclusive to CEXs,” he explained.
Related: Bitwise files for spot hyperliquid etf in the middle of the dex wars
Dexs seek to deliver CEX-speed trading with Onchain transparency
Hyperliquid, one of Perpetual Dex’s leading platforms, runs on its own chain and offers a book of the Onchain Central Limit order. “Every time, cancellation, and fill is fully heard,” Elkaleh said. “It is performance without compromising decentralization.”
The platform achieves the sub-second end of finality without charging gas fees per trade, aimed at combining the speed of CEX with self-custody. However, the competition warmed up. In the BNB chain, Aster appeared as a leading challenging.
“Aster’s incentive campaigns recently pushed the day -to -day volume to recording levels, even with hyperliquid reaches for several days,” Elkaleh said. During the previous day, the Aster was registered around $ 47 billion in the quantity of Perp, over $ 17 billion volume of hyperliquid, According to to data from defillama.
The growth of BNB- and Solana based in Solana is noticeable. Bnb per protocol Recently hit the $ 60-70 billion In the day -to -day shifts, while drifts and Jupiter Perps continue to gain traction. These ecosystems, Elkaleh said, benefit from fast -paced, smooth onboarding and incentives.
However, Dexs face well -known dangers. Elkaleh pointed to concerns around the validator or sequencer centralization, faulty oracle, exploitative upgrading keys and weaknesses to the bridge. He also addressed the challenges of maintaining reliable destroying machines in volatility hours.
On Friday, Aster Have been affected by the businessmen With a glitch on plasma (XPL) continued market, which briefly spiky prices at about $ 4 due to a hard-coded index error. Price progress leads to unexpected fluids and fees.
Related: The Aster can otflip the hype by market cap and rally another 480%: Analyst
Dex and Cex to co-exist
Elkaleh said he didn’t see the outcome of the zero-sum. “The Dexs are undoubtedly the future of crypto-native trade railroads,” he said. “At the same time, CEXs remain important for fiat liquidity and onboarding.”
“Over the next decade, we will see hybrid models mixing the strengths of the same, creating a balanced ecosystem in which unity, not removal, drives the next stage of crypto markets,” he concluded.
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