Some protocols offering fully decentralized options have reported a near 75% increase in users following the FTX collapse, but why? - cexvsdex dex
As a centralized exchange, FTX was able to mitigate business losses by secretly using customer-deposited crypto assets to cover its ever-expanding hole.
saw a notable uptick in total value locked following the aftermath of the FTX debacle. A week on from the collapse, MakerDAO’s TVL increased by at least a third. Those figures signal consistent growth following the initial influx of investors to decentralized exchanges.is also reporting that its service has “had a 75% increase in the number of weekly new users for the week of, and after, the FTX fallout, compared with the 10 weeks prior.”
The platform ensures that all quotes are executed at the price shown and that all trades are fully protected from slippage and MEV exploits, whether they happen locally or across multiple chains.
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