BROADCASTS.com

Haseeb Qureshi, managing partner at Dragonfly Capital, and Dan Robinson, research partner at Paradigm, discuss the explosion in decentralized exchange activity on automated market makers from $1 billion earlier this year to more than $10 billion in August.\xa0\n\nWhy trading in automated market makers has 8xed in a few months\n\nhow automated market makers work, and how specific dexes can specialize for the assets being traded on them\n\nwhy traders would prefer to trade on a dex vs. a centralized exchange\n\nhow incentivized pools have drawn traders and liquidity\xa0\n\nwhy trading on a dex seems can be more appealing than on a centralized exchange\n\nwhy trading on dexes now mirrors trading on Binance in 2017\n\nhow "DeFi is the hottest coolest place where people are making a lot of money"\n\nthe difference between the metrics of liquidity, trading volume and total value locked for a dex\n\nwhy AMMs are capital inefficient\n\nwhat it means that fees paid on Uniswap are about half of those paid on Bitcoin\xa0\n\nwhat the purpose of liquidity mining is\n\nwhy Haseeb doesn't think that dexes have network effects and that once professional market makers come in the space, Uniswap will lose market share\n\nwhether users will use DeFi directly through the dexes or through another interface\n\nwhy Dan thinks that DeFi is now comparable to financial investment in the 1970s\xa0\n\nwhether or not yield aggregators like yEarn make it harder for AMMs to compete\n\nwhat happened with the CRV token launch\n\ninitial dex offerings or initial DeFi offerings, like the UMA token launch\n\nwhether, because of the high fees on Ethereum and the how long its transition to Ethereum 2.0 will take, DeFi activity could move to another blockchain such as Solana\n\nwhere DeFi will go over the next few years\n\n\xa0\nThank you to our sponsor!\xa0\nCrypto.com: http://crypto.com\n\xa0\nEpisode links:\xa0\nHaseeb Qureshi: https://twitter.com/hosseeb\nDan Robinson: https://twitter.com/danrobinson\n\xa0\nHaseeb\u2019s post on the rise of AMMs: https://medium.com/dragonfly-research/what-explains-the-rise-of-amms-7d008af1c399\n\xa0\nHaseeb's post on how Uniswap could be un-bundled: https://medium.com/dragonfly-research/unbundling-uniswap-the-future-of-on-chain-market-making-1c7d6948d570\n\xa0\nDex volume: https://defiprime.com/dex-volume\n\xa0\nTrading volume on centralized exchanges: https://www.theblockcrypto.com/genesis/74539/july-by-the-numbers-a-look-at-crypto-exchange-volumes-open-interest-and-miner-revenue\n\xa0\nIncentivized pools: https://pools.fyi/#/?tag=incentivized\n\xa0\nTop dexes by trading volume: https://www.coingecko.com/en/dex\n\xa0\nEthereum transaction fees: https://bitinfocharts.com/comparison/ethereum-transactionfees.html\xa0\n\xa0\nUniswap website visits 15x in July: https://messari.io/article/uniswap-total-website-visits-grew-15x-in-july\n\xa0\nWebsite traffic to DeFi platforms explodes in July: https://www.theblockcrypto.com/post/74231/defi-platforms-web-traffic-july\n\xa0\nFees paid to various crypto projects: https://cryptofees.info\n\xa0\nCurve reaches $1 billion in TVL: https://www.theblockcrypto.com/linked/75014/curve-becomes-third-defi-protocol-to-hit-1-billion-in-total-value-locked\n\xa0\nThe Block on dex aggregators: https://www.theblockcrypto.com/genesis/69468/dex-aggregators-user-experience\n\xa0\nLearn more about your ad choices. Visit megaphone.fm/adchoices