The decentralized exchange landscape is evolving fast, with new liquidity aggregators and relays enhancing usability while reducing slippage. Trade volumes are also strong across the leading ERC20 DEXs and Binance DEX. The bulk of this volume is captured by a small proportion of tokens, however, whose demand augurs well for the projects and the DEXs they dominate.
Also read: Ethereum’s Value Transfer Is Now Dominated by Stablecoins
Verasity Is Binance’s King of the DEXs
On Binance DEX, the decentralized exchange that operates on the eponymous Binance Chain, verasity (VRA) is out in front, with 19% of all trades. Verasity is an attention-based video and gaming platform that enables content creators to earn tokenized rewards. Rather than trying to create a crypto-friendly Youtube, a la Dlive, Verasity is designed to integrate into existing platforms such as Twitch, Youtube, and Vimeo.
Behind the scenes, Verasity has been busy, gaining an entry into Asia’s lucrative streaming market through a partnership with Jun Capital, while a…