UX is the killer app for mass adoption in web3
The post UX is the killer app for mass adoption in web3 appeared on BitcoinEthereumNews.com.
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When FTX collapsed in 2022, it didn’t just vaporize billions of dollars in customer funds; the exchange’s implosion shattered confidence in the centralized architecture in much of the crypto economy. And with court battles still ongoing in 2025, including plans to return $1.9 billion in disputed claims, it’s a reminder that trusting middlemen in a trustless ecosystem can be a risky contradiction. Summary The self-custody market is surging post-FTX, projected to grow from $1.5B in 2023 to $8.4B by 2032, driven by both institutions and retail users. On-chain data shows users shifting from centralized exchanges to DEXs, with spot volumes falling 16.3% while DEX activity rose 6.2% in early 2025. UX remains the industry’s bottleneck — wallets and dApps often confuse users with jargon, poor recovery, and hidden centralization. Fiat-to-crypto on-ramps are crypto’s front door; smooth, compliant rails are essential for adoption and trust. The next 100M users will come not from new protocols but from an intuitive, safe, and invisible design that makes web3 feel seamless. In the aftermath of FTX’s collapse in 2023, the self-custody market was already worth $1.5 billion and projected to hit $8.4 billion by 2032. This wasn’t just a temporary response to the crisis; it signaled a deeper shift in people’s mindset. Users wanted tools that put them in control. It is perhaps no surprise that users are seeking to reclaim control. Many have moved their assets to non-custodial wallets, seeking safety in their own personal responsibility where they can hold their own keys and shoulder their own risk. The numbers behind a behavioural shift Spot trading volume at the top ten centralized exchanges decreased by 16.3% quarter-on-quarter from $6.5 trillion…
Filed under: News - @ September 5, 2025 10:31 am