The Future of On-Chain Trading
What does it look like?
Just thought I’d drop this quick thought here — would love to hear your thoughts on the matter as well if you have any.
DEXs, once the core of any new ecosystem, will play a backseat role in the future of onchain trading and have a smaller share of on-chain order flow.
Why do I say this?
User-facing interfaces like wallets, abstract away the difficulty of navigating various DEX aggregators, which in turn aggregate fragmented liquidity across different DEXs, CEXs, and chains.
Uniswap's introduction of an intent-based liquidity aggregator (UniswapX) and the integration of DEX aggregator APIs with various wallets confirms this trend.
To capitalize on this, one must know who controls (and profits from) the lion's share of on-chain order flow.
Full report coming soon.
Disclaimer
The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.
Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.