Since 2019, Tokenlon has served a lot more than 220,000 international customers and has accomplished a cumulative trading volume of $25 billion to date.
The current crash of the FTX exchange has shaken investor self-assurance. Many customers from right here get started to understand the value of holding tokens in custody charge wallets and the purpose of decentralized exchanges (DEX).
Here’s Jia Yung Lee, Tokenlon’s Head of Marketing at the current ETH Vietnam occasion, on how DEX went mainstream and why we require to adopt DeFi for the potential.
Tokenlon is a decentralized exchange and payment protocol. Since 2019, Tokenlon has served a lot more than 220,000 international customers and just lately hit the $25 billion mark in cumulative trading volume.
Tokenlon is really delighted to sponsor and accompany ẸTH Vietnam this 12 months. Vietnam has a powerful builder neighborhood, entered the $five,000 bounty competitors at the occasion. In addition, Tokenlon Senior Blockchain Engineer Nic Lin gave a keynote speech on Solution Layer two and Account Abstraction.
In the potential, as Tokenlon gets to be a lot more decentralized, the platform will normally require a superior developer neighborhood to maintain constructing the protocol, and Vietnam is a single of the likely candidates.
After the FTX crash, Tokenlon tripled its trading volume from the former weeks. This is why the venture believes Defi will be mainstream just before cryptocurrency is acknowledged as a reputable marketplace.
When trading on a DEX, customers will take pleasure in the rewards of Defi, namely transparency and self-management of their money.
This signifies that the probability of getting hacked and censored is really reduced, specifically the token is normally owned by the consumer. Above all, the output and profitability of the Defi platform are transparent and sustainable.
However, Tokenlon also highlights the motives why customers nonetheless pick to trade on CEX, building DeFi nonetheless unable to go mainstream:
- The liquidity of DEXs is reasonably reduced
- complicated UI/UX
- High transaction charges
- Transactions are normally constrained to a single or a couple of networks.
In an work to entice new customers, Tokenlon is actively addressing the following problems:
- Implement a smarter buy guide
- Cross-chain connection by means of bridges
- User interface enhancements.
About Tokenlon
Tokenlon is a decentralized exchange and payment protocol. Launched in 2019, Tokenlon has processed more than $25 billion in trading volume and served 220,000 customers.
Find out a lot more about the venture: https://tokenlon.im/
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