Too Long; Didn't Read
Decentralized finance (DeFi) and decentralized exchanges (DEX) are currently two hot trends in the cryptocurrency industry. DeFi tokens do not have any value on their own, unless they can be traded on the open market. DecENTralized exchanges tend to generate $500 million in daily volume on average, compared to $45 billion on average. The "cream of the crop" will find its way to centralized trading platforms, but there is no real sense of competition.