{"id":153,"date":"2024-01-16T12:19:16","date_gmt":"2024-01-16T12:19:16","guid":{"rendered":"https:\/\/rubic.exchange\/blog\/?p=153"},"modified":"2024-01-17T10:29:01","modified_gmt":"2024-01-17T10:29:01","slug":"dex-omnichain-future-rubic-tools-as-a-way-to-go-cross-chain","status":"publish","type":"post","link":"https:\/\/rubic.exchange\/blog\/dex-omnichain-future-rubic-tools-as-a-way-to-go-cross-chain\/","title":{"rendered":"DEX Omnichain Future:\u00a0Rubic Tools\u00a0as a Way to Go Cross-Chain"},"content":{"rendered":"\n

<\/a>2022 was a challenging year for crypto, but amidst all the events of the past year, DeFi projects not only held on tight, but gained more strength and trust from crypto traders. Meanwhile, CeFi unexpectedly got a reputation as an unreliable and risky area, as we remember the Celsius crypto meltdown, FTX, Three Arrows Capital, and Voyager Digital.\u00a0<\/em>The crisis of trust in CeFi became a stimulus for DeFi.\u00a0<\/em><\/strong>What are the next steps for DeFi projects? Can DEXs replace CEXs eventually? How can Cross-Chain DEXs help Web3 DeFi development?<\/em><\/p>\n\n\n\n

Discover the power of cross-chain DeFi in this article!<\/em><\/p>\n\n\n\n

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Let\u2019s Talk Numbers<\/h1>\n\n\n\n

DeFi\u2019s TVL is nearly $48 billion<\/em><\/strong> at the time of writing, according to DefiLlama<\/a>. This is a sharp drop from the year\u2019s outset, where it stood at $166.7 billion. Yes, DeFi lost 76% of TVL in dollar terms in 2022, but still, decentralized exchanges executed $854 billion in trading volume<\/em><\/strong> in 2022, and this came from 5,687,713 unique trading addresses <\/em><\/strong>(Source: <\/em>https:\/\/dune.com\/hagaetc\/dex-metrics<\/em><\/a>).<\/em> Data from Dune Analytics shows that the total number of DeFi users has steadily increased throughout 2022.<\/p>\n\n\n\n

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DeFi\u2019s growth shows no sign of slowing down. Despite market conditions, unique DeFi users have risen by 40% in 2022<\/em><\/strong>: from 4.7 million at the start of 2022, to almost 6 million<\/a>, while the number of unique DeFi users has increased by nearly 600% over a two-year period, with just 940,000 users at the start of 2021.<\/p>\n\n\n\n

Obviously, DeFi is already the choice for most crypto traders. In fact, as we see in the case of DEXs vs. CEXs, decentralized cryptocurrency protocols have at times overtaken centralized services<\/em><\/strong> in on-chain transaction volume.<\/p>\n\n\n\n

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So, no wonder new DEXs keep appearing on the market. There are hundreds of DEX Protocols (665, according to DeFiLlama)<\/a>, and the main question is: Why do only a few of them have Cross-Chain interoperability when there\u2019re already 164 chains?<\/p>\n\n\n\n

Cross-Chain Interoperability as a Must-Have for DeFi 2.0<\/h1>\n\n\n\n

Among all the commonly known reasons, such as anonymity and security, another reason trading volume has shifted from centralized exchanges to DEXs could be the latter\u2019s greater number of assets on offer. It leads to another step in DEX Protocols\u2019 development \u2014 allowing these assets to be transferred between different blockchains. There are several evident advantages for users when a DEX goes Cross-Chain:<\/p>\n\n\n\n