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These Are the Most Traded Tokens on Decentralized Exchanges Right Now

01 Feb These Are the Most Traded Tokens on Decentralized Exchanges Right Now

Posted at 00:54h in Bitcoin News by

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These Are the Most Traded Tokens on Decentralized Exchanges Right Now

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.

These Are the Most Traded Tokens on Decentralized Exchanges Right Now

Behind the scenes, Verasity has been busy, gaining an entry into…

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