The second project introduced in the 23rd year of the 20X currency is UNI, which had a market capitalization of 2.8 billion at that time and a price of 5 dollars. My cost was also around 5-6 dollars. I see many people who are optimistic about UNI, but they can't explain why; they only know that it is the swap dragon 1.

I can directly tell you that the most disruptive innovation of UNI is AMM, automated market makers. The biggest feature of blockchain is decentralization, yet the current order book system unexpectedly requires an intermediary (market maker) to regulate liquidity. I believe everyone has been bullied by market makers to the point of suffering because many market makers can manipulate the price of coins in the short term, and many market makers are the ones behind the coin, so they can see all your cards and have a lot of preferential policies, with exchanges offering very low or even zero fees. So how can retail investors compete with them?

In the future, my prediction is that DEX will definitely replace CEX; this is the trend. Don't say that the current DEX is hard to use and can't compare to CEX in functionality. I tell you that a centralized order book just doesn't make sense, it's not blockchain, and it's not cool enough. Currently, the evolution speed of DEX is still very fast, and although it can't match CEX in scale, you can think about how electric vehicles are almost overthrowing traditional fuel vehicles. Ten years ago, everyone was complaining about the poor range and various shortcomings of electric vehicles, but now everyone agrees that the future will definitely be dominated by electric vehicles, and DEX is rewriting this situation. I believe that in the near future (maybe 4 years, maybe 8 years), everyone will be using DEX. The trend will not shift due to any will; the current UNI is the BN of 2017.