DeFi’s ‘Agricultural Revolution’ Has Ethereum Users Turning to Decentralized Exchanges

In this context, DEX protocol maker 0x is launching Matcha today, a DEX aggregator that helps people find the best price for whatever Ethereum-based token they want. “DEXs are traditionally very unintuitive from a UX perspective and don’t include necessary info to make informed trades,” 0x marketing lead Matt Taylor told CoinDesk in an email.

DeFi farm rush As the “yield farming” surge has taken hold of the crypto space, it has been easy to see its impact on automated market makers (AMMs), one particular kind of DEX, in which users provide the smart contract with liquidity in order to earn fees and traders make trades with those pools. Balancer allowed users to yield farm its governance token last week and volume immediately went up.

Timeline of 0x, Ethereum