DEXs witnessed a cumulative monthly trade volume of $410.2 billion in May, with PancakeSwap spearheading the surge with a colossal $171.6 billion. Other significant contributors include Aerodrome and PumpSwap, both with nearly $15 billion in monthly volumes. This performance comes hot on the heels of the previous record set in January, where DEXs made up 20% of the spot crypto trade volume.

Simon Kim, CEO and partner at crypto venture capital firm Hashed, believes this shift goes beyond a mere change in market shares. He suggests it signifies a significant transition from centralized to decentralized, and from trust-based to code-based trading systems. Kim adds that DEXs have become the “nerve center” of blockchain financial ecosystems, attributing their success to composability, permissionless innovation, and cross-chain interoperability.

Several factors have contributed to the recent surge in DEX trade volume. The explosion of on-chain trading of memecoins last year, improvements in crypto wallet user-friendliness, and a waning trust in centralized platforms have all played a part. Kim also made a bold prediction that DEXs will surpass CEXs in trade volume by 2028 and dominate by 2030.

“DEXs are expanding Satoshi Nakamoto’s vision of P2P electronic cash systems into complete financial ecosystems,” Kim said. “While CEXs still resemble traditional finance, DEXs truly embody the ethos of blockchain.”

Disclaimer: The Block is an independent news outlet offering news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block maintains its independence to provide objective, impactful, and timely crypto industry information. Here are our current financial disclosures.

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Firearm NFTs and its Future

The Digital Arms has simply partnered with the ZEV Technologies for designing, developing and marketing these NFTs. Apart from this, they will announce the release of $HNTR token. Such token will be accessible on the PancakeSwap and will also be used while you are playing the games to earn money.

The belief is about the fact that many names will enter marketplace. It will help to create the digital firearms hub. When it happens with users & with the merchants will increase, this will also strengthen the utility of $HNTR token.

Moreover, the sentiment is quite very positive with various high-ticket of the crypto investors are vocal about the opportunity. With Discord channel and Digital Arms is open. Firearm with the gaming enthusiasts gets excited about such news. On the other hand, there is no specific further timeline now.

Digital Arms even partnered with the Xentrix studios for creating the Meta Marines. These usually are the NFT 3D characters of soldiers that will have complete access to ecosystem of metaverse game. As mentioned before, it is first-ever kind of the digital firearms NFTs platform.
NFT which is also known as Non-Fungible Token and also trading is just latest craze in investment & also the trading world. The Digital Arms and Zev Technologies have partnered and develop the IP Licensed Pistol NFT that is when applied to entire gaming industry will provide purchasers with unique digital firearm.

The post The First Licensed Pistol: Firearms NFTs appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.