Uniswap founder: Trading activity on CEXs on Solana essentially competes with DEXs, and their business model is similar to that of cross-chain bridges.
Jinse Finance reported that Uniswap founder Hayden Adams posted on X, sharing his belated views on the Base/Solana cross-chain bridge controversy: Does Solana consider the act of centralized exchanges (CEX) listing Solana ecosystem assets as an attempt to siphon liquidity and a "vampire attack" competing with it? In fact, the relevant trading activities of centralized exchanges (CEX) are in competition with decentralized exchanges (DEX) on the Solana chain—these types of trades only generate on-chain deposit and withdrawal records for assets, which is essentially the same business model as cross-chain bridges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A newly created wallet withdrew 300 BTC worth $26.7 million from an exchange.
Trending news
MoreThe "ultimate bear" whale makes a 20x short on BTC, with unrealized profits exceeding $18 million and funding fees alone earning $9.56 million.
The European Central Bank is expected to hold rates steady next week, with markets closely watching economic forecasts and signals on the timing of rate hikes.
Crypto prices
More
