Report: Whales dominated DEX and high exchange rates made investors unhappy.

The use of decentralized exchanges (DEX) to support peer-to-peer commerce without middlemen remains closed to large traders or whales, according to French asset data analyst Kaiko on December 2. “Although the average exchange rate of all DEXs has increased over the past few months, the number of exchanges has been similar, indicating that the picture of the average trader is now not fair,” Kaiko said. in a weekly poll released Monday. . CurveFinance costs an average of between $ 500,000 and $ 1 million, while other well-known DEXs such as UniswapV3, UniswapV2, SushiSwap and BalancerV1 are between $ 10,000 and $ 20,000 respectively, -4,000 EX on the centralized exchange. . 10 times the market volume, but the daily number of CEX transactions runs into the millions, while large DEXs hold less than 50,000 transactions per day and Curve and BalancerV1 have an average of less than 1,000 active people per day. The dominance of the whale is perceived to be high. Exchange rate on Ethereum, the world's largest smart blockchain (CoinDesk).