Anton Bukov, co-founder of 1inch, the world’s eighth largest DEX by volume, said: ‘In the next 3-5 years, the DeFi industry will grow immensely.’
Just two years since the establishment of the 1inch network, the cumulative trading volume has already exceeded $85.8 billion. The network has a 57.40% market share in the DEX aggregator industry and has over 820,000 users, making it the eighth largest DEX in the world. With a trading volume of $277 million in the last 24 hours.
Bukov has joined the community. Cointelegraph Markets Pro For the AMA session on Discord, he said: “I believe that in the next 3-5 years the DeFi industry will grow exponentially. Even though it’s already growing fast But the advantages that peer-to-peer technology do It will help the growth to spread more widely.”
Of course, so that DEX can beat CEX. [Centralized Exchanges] Yes, some conditions will have to be met in the future: the DEX protocol and blockchain have to run 100 times faster than they do now, and users need to understand the core concepts of the technology. And it has to be beginner friendly.
Bukov also discussed the problem. Front-running bots say 1inch protects users from these types of attacks. This ensures that users get the most out of every trade. To discourage this type of attack, the 1inch Liquidity Protocol uses ‘virtual rates’.
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