By dalz on Skatehive
The Hive internal DEX is an amazing feature on the Hive blockchain. It is a layer one DEX that allows users to trade HIVE and HBD. Imagen if BTC or ETH had an on chain, layer one - no additional apps, KYC free, permissionless way to convert between a stablecoin and the asset. It’s quite the thing! The DEX has been around since the beginning of the chain, and it is an integral part of it. However, it has always been underutilized and with low volume. But since the introduction of the two ways conversions and more HBD improvements, things have changed. Much higher volumes and usability of the DEX. Also, now we have more than one interface for the DEX. The introduction of the @hbdstabilizer and its trading activities on the DEX has also improved liquidity. In the last period though the stabilizer has scaled down its activities leaving room for other participants and market makers. Here we will be looking at: Daily HBD volume on the internal Hive DEX Monthly HBD volume on the internal Hive