This period is crucial for decentralized exchanges (DEX) and wallets. If the issues of performance and user experience can be addressed, several strong DEX platforms will officially compete with centralized exchanges (CEX) in terms of trading volume and market share.

#6-year Web3 experience
#Creator of the Five-Level Framework: Public Chain ➔ Middleware ➔ Applications ➔ NFT ➔ Meme&Inscriptions

Most long-tail CEX platforms will be completely eliminated, while a few leading CEX platforms may transition into blockchain comprehensive service providers.

The continuous emergence of protocols and applications will continuously bring in users and activity.

Wallets will aggregate the majority of traffic, functioning similarly to application stores of Web2, distributing traffic to Dapps. Whether a particular DEX application evolves into a super app or wallets become platforms for managing all protocols in one place, the probability of wallets emerging victorious is higher.