The post Solana and how DEXs like Zeta Markets are growing appeared on BitcoinEthereumNews.com.

DEXs are rapidly gaining ground in the perpetuals market, now holding nearly 10% of the market share, up from just 3-4% earlier this year. This growth is particularly noticeable on Solana-based platforms, where perpetual trading volumes have surged by over 50% since late 2023. In July 2024 alone, the DEX-to-CEX futures trade volume ratio reached 13.9%, underscoring the growing appeal of on-chain trading. These trends signal increasing confidence in DeFi solutions, driven by transparency, lower costs, and the inclusion of new assets like real-world assets (RWAs) on decentralized platforms. With Tristan we discussed the key drivers behind the increasing shift from CEXs to DEXs in perpetuals trading and how DEXs are solving liquidity challenges to attract more traders. Also he gave us a new perspective on trading strategies on DEXs, such as arbitrage and funding rate exploitation, and how they are attracting sophisticated traders. What do you see as the primary drivers behind the growing shift from centralized exchanges (CEXs) to decentralized exchanges (DEXs) in the perpetuals market? The primary drivers behind the shift from CEXs to DEXs in the perpetuals market include greater transparency, reduced counterparty risk, and enhanced control over assets. Decentralized exchanges operate on-chain, ensuring that users can audit transactions, positions, and collateral in real time, which builds trust. Additionally, recent regulatory pressures on centralized exchanges have made decentralized platforms more attractive, offering a censorship-resistant and more permissionless environment. Zeta Markets has observed that traders are increasingly drawn to these advantages, alongside improvements in the user experience and execution speeds, DEXs like Zeta X are closing the gap with CEXs, further accelerating this shift. Solana-based platforms have seen a significant surge in perpetuals trading volumes recently. What unique advantages does Solana offer for these kinds of trading activities compared to other blockchains? Solana’s unique combination of high…

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Filed under: News - @ October 26, 2024 8:03 am