Crypto is the ultimate casino.



And in this world, the exchanges are the house.

When retail comes back, and risk appetite returns (which it inevitably will) - these are the biggest beneficiaries.

Last cycle, CEXs were the only viable options for trading.

But with an entire bear market of building under their belt, we_re going to see top quality DEXs with CEX-like ution.

Considering the current regulatory environment, the current shift from CEXs _ DEXs, and the rapidly improving UX of these products, I expect that next cycle there will be a whole lot of new users trading on chain.

And for that reason, it_s wise to keep an eye out for the best DEXs that are innovating and building top notch infrastructure.

By "top notch", I mean protocols with:

• A clean and intuitive UI, "stickiness" comes from UX
• A diverse range of trading pairs, and listings of the hottest new coins
• Competitive fees
• A strong referral program

This is where I_m placing some of my chips.
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