DEX Tokens Have Outperformed Centralized Exchange Tokens by 5X
Decentralized exchange (DEX) tokens’ year-to-date returns are more than five times that of their centralized counterparts according to the latest DeFi report by cryptocurrency research platform Messari. DEX tokens have increased on average 241% so far this year while centralized exchange tokens have only increased by 44%.
The report said that Kyber’s token (KNC) was leading the charge with an increase of more than 420%, however after the report was published, KNC nearly doubled in price and LRC increase by 46%, while the top centralized exchange tokens have reduced on average. While still minimal when compared with centralized exchanges, DEX’s are growing much faster in part due the contribution of DEX aggregators, which spread token swaps across multiple DEXs in order to obtain the lowest prices for traders.
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$ 0.2693
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