A Rising Metric Shows the Potential of Ethereum DeFi Apps

in ripple •  2 years ago 

Ethereum DeFi Apps Prove Centralized as This Rising Metric Shows

The number of decentralized exchange DEXs has been on the rise recently. As more people start to use them, there are more and more users who are looking for ways to invest in ICOs and other projects built on the Ethereum blockchain. The number of DEXs has reached an all-time high, but that doesn't mean that there aren't still issues with cryptocurrencies.

The recent surge in the number of decentralized exchanges is a reflection not just of the community's interest in using these services but also its growing confidence in them. It's also a sign that cryptocurrency investors have reached a point where they see centralized exchanges as being less secure than their own private networks.

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