DeFi could overtake CeFi in the next bull run: CZ
CZ gives thumbs up to DeFi
The latest to acknowledge the importance of the event was none other than Binance CEO Changpeng “CZ” Zhao. In a recent AMA session hosted on Twitter, the crypto czar called the ruling as “extremely positive”.
Uniswap leads the charge
CZ’s assertion was rooted in the industry’s latest exploits. The largest and most popular DEX Uniswap outperformed centralized behemoth Coinbase in spot trading volumes in the first two quarters of 2023.
As of this writing, DEXs recorded trades worth nearly $12 billion over the last one week, according to DeFiLlama. DEX share in the total crypto spot trading market was 17.7%.
