According to a recent survey, permissionless DeFi trading has not yet achieved mass adoption. This is due to the fact that in order to trade on platforms like Uniswap, users must have a wallet, enough ether (ETH) to carry out transactions, and a willingness to pay high gas fees. Additionally, many users struggle to understand the trading process itself.
Despite these challenges, industry experts remain optimistic about the future of DeFi trading. In fact, some industry insiders predict that DeFi trading will eventually overtake traditional finance due to its transparency, security, and accessibility.
At the same time, it’s important to note that there are still areas of concern that must be addressed in order for DeFi trading to truly take off. For example, there have been cases of DeFi smart contracts being hacked or exploited, leading to substantial losses for users. As the industry continues to evolve, it will be crucial to implement better security measures and minimize these risks.
Overall, while DeFi trading may still have a ways to go before it achieves mainstream acceptance, it’s clear that the potential benefits are significant. As more users become familiar with the technology and developers work to improve its functionality, the future of DeFi trading looks bright.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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