unlike previous cycles, people are burned being on CEXs. being on-chain is much more common, and easier!

🛠️ building @frenreviews. 📝 writing at kermankohli.substack.com. 🧠 thinking about data, analytics and growth 📊

how do you think cexs can compete to keep tokens on platform over time?

The trading volume is still much higher on CEXs but it is changing

https://www.theblock.co/data/decentralized-finance/dex-non-custodial/dex-to-cex-spot-trade-volume

I think this cycle, ETFs will also take a lot of trading volumes away from CEXs