DEX aggregators making DeFi accessible to CEX fans
As more crypto users move to DEXs, DeFi aggregators offer a single access point while targeting the best deals. The sudden collapse of what was once the second-largest crypto exchange in the world has accelerated the migration from centralized exchanges (CEXs) to decentralized exchanges (DEXs). The now-bankrupt FTX still owes the equivalent of billions of dollars to users across the globe, and this is not the only instance of traders losing their funds with CEXs. The benefits of self-custody wallets and the use of decentralized finance (DeFi) applications have become more evident. However, once retail traders set foot in DeFi, they may be perplexed by the complexity of decentralized applications and the wide range of options, which adds to the confusion. DeFi is not user-friendly One could think that DeFi wouldn’t be a quest for crypto users, but this is not the case. The emerging sector has several barriers that hinder mass adoption. To begin with, the DeFi market is fragmented and h...