Top Results241 results
DEX Tokens Outperform CEX Counterparts
Today, we compare the performance of CEX tokens with DEX tokens, and our Research team shares some insights...These revelations prompted growing concerns about the solvency of other centralized exchanges (CEX),...The chart above shows the price performance of a basket of CEX tokens vs.
5 Min
Macro & Markets
Nov 2022
ETH Rebounds, Banker Joe Launch, Perps & CEX Coins
BNB Leading CEX Tokens, HT Suffers BNB has performed well in the last 3 days following Binance’s $1b...
3 Min
DeFi
Oct 2021
From 1 to 100: What the Future Holds for DEXs
Introduction The issues that plagued centralized exchanges (CEXs) in their infancy have still not been...In the grand scheme of things, we’ve made some vast improvements to CEX performance....Migration From CEXs to DEXs Given the erosion of trust and loss of user funds on CEXs, we assume that...
9 Min
AMM
Jan 2023
Liquidity Dries Up, ZK vs Optimistic Rollups, NFTs Transforming Shopify
Chart of The Day: CEXs’ Liquidity Drying up The bid/offer spread is the difference between an asset...Chart of The Day: CEXs’ Liquidity Drying up The bid/offer spread is the difference between an asset’s...
7 Min
Spot Exchange
Jun 2022
Beyond the $HYPE: An Objective Analysis of Hyperliquid
Macro Overview At time of writing, the ratio of perps and spot DEX to CEX volume grew to 7.9% and 19.2%...First-mover advantage on token launches: While CEXs have lengthy approval processes, DEXs are able to...Therefore, when forecasting the growth of the DEX to CEX ratio, in my view, the principal variable you...
17 Min
DeFi
Feb 2025
Blockchain Traction and CEX Support: The Chicken and the Egg
But what if CEX support and interop are bigger success factors than we think?...CEX Support – Receiving and withdrawing stablecoins is very convenient....Outside the EVM, CEX support appears to be very important..../VM has CEX support....Still, they have no CEX support—not even for their native asset.
5 Min
Infrastructure
Apr 2025
The Year Ahead for DeFi 2025
Coinbase, Crypto.com, Revolut, Nexo, Wirex, other CEX cards Gen 2: Non-custodial, spend crypto prepaid...Custodial CEX cards are wallet-linked and convenient, but come with shady history and account closure...Other CEXs Dabbling in Banking: Crypto.com, Bybit, Nexo There are a variety of other CEXs with popular...
72 Min
DeFi
Dec 2024
The Rise of Ethena: Unpacking The Emerging Synthetic Dollar
In the pursuit of “decentralization”, these projects seemed to have missed the bigger picture that CEX...CEXs ultimately handle the trading of Ethena’s perps positions while OES providers handle the custody...Frequent PnL settlement – To further mitigate CEX counterparty risk, Ethena has the ability to settle...
40 Min
DeFi
Apr 2024
DYDX Valuation Analysis & DEX Perps Comparison
Any DEX advancements on CEX territory would result in significant increases in volume....This scenario holds the total futures volume (CEX+DEX) constant, meaning DEX volume is a result of CEX...If the trader has adequate size or the asset is illiquid on the CEX, they can move the price on the CEX...
40 Min
Derivatives
Jul 2023
The State Of Bitcoin
$ORDI’s popularity also meant it was the first BRC20 listed on CEXs....CEX listings are often a good sign for a token as they signal legitimacy and bring it to a much more...CEXs are often fairly agnostic on technology – they care about fees....With $ORDI proving demand for BRC20 trading, more CEX BRC20 listings seem likely.
28 Min
Layer 1 / L1
Feb 2024
Uniswap's Fee Switch
Uniswap has a cumulative total of ~$1T volume, often competing with CEXs like Coinbase for volume on...Uniswap views CEXs as its primary competitor rather than other DEXs....fee-tier pools, improving the experience for traders and allowing Uniswap to become more competitive with CEXs...
11 Min
DeFi
Apr 2023
Drops of Jupiter
...billion JUP initial circulating supply 1 billion for airdrop 250 million for launchpool 50M loans to CEX...allocations potential sell pressure at TGE: 1 billion for airdrop 250 million for launchpool 50M loans to CEX...Solana’s most anticipated airdrop ever — excitement alone could take us higher JUP will get immediate CEX...
8 Min
DeFi
Jan 2024
Are Infinity Pools the Next Big Speculation Primitive?
This forfeits the composability that makes options such a powerful tool. dYdX creates a CEX-like experience...Infinity Pools will likely have slightly higher fees than major competitors like Synthetix, dYdX, and CEXs...DEXs can’t hope to overtake CEXs while they rely on them for such a significant portion of the product...
12 Min
AMM
Mar 2023
The Year Ahead for Infrastructure
It’s absolutely true that custody risks apply to CEXs and not DeFi....size of the collapse, we find it important to ask why, despite all their inherent custodial risks, CEXs...As this chain will be onboarded by CEXs, it’s likely to be the central point for these assets to issue...
83 Min
MEV
Dec 2022
Brace Yourselves, Shanghai Is Coming
Second, solo stakers make up ~1/4 of the total, with CEXs, liquid staking and staking pools ~3/4....amount of “real” withdrawals here, as any withdrawals from staking pools, liquid staking tokens, or CEXs...It’s important to remember that there are 4 main categories of staking: liquid staking (32%), CEXs (28%...
21 Min
Liquid Staking
Mar 2023
What Should Crypto Do About Consumer Fraud?
...industry should go” and whom the burden should be placed on (with some referencing that this was a CEX...For centralized actors, there was a lot of conversation about whether CEXs should do more to protect...In doing “more,” we would caution CEXs to take tech-based approaches versus social layer approaches —...
14 Min
Policy
Nov 2023
The Future of Order-Book Liquidity (Part II - deUSD)
Counterparty Risk: Given that Elixir will initially rely on Centralized Exchanges (CEXs) to execute the...migration to running the basis trade fully on-chain is certainly more decentralized than relying on CEXs...proven that trading on-chain may actually come with more risk than simply trusting a battle-tested CEX...
12 Min
Orderbook
May 2025
The Future of Onchain: The Age of Tokenization & The Token Identity Crisis
...exchange, they have a unique competitive advantage in this realm, as all they need to do is bring their CEX...working towards a future where trading any asset on-chain will be as simple and familiar as the standard CEX...TradFi seamlessly without ever leaving the on-chain ecosystem or making lengthy, slow deposits into a CEX...
20 Min
Other
May 2025
Solo, Liquid, or Centralized: A Guide to Staking ETH
...you have a variety of avenues to explore, including liquid staking protocols, centralized exchanges (CEXs...CEXs: (Target Segment: CEX Users That Are Unfamiliar With DeFi) Leveraging their existing user bases,...CEXs offer convenient ETH staking services directly on their platforms.
16 Min
Liquid Staking
Jun 2023
Paladin of the Solana Round Table
CEX-DEX Arbitrage Paladin doesn’t stop at on-chain opportunities....It extends its reach to CEX-DEX arbitrage through a clever permissionless bulletin board system....The ability to do CEX-DEX arbitrage will make the Paladin bot more attractive to validators, as competing...
21 Min
DeFi
Sep 2024