The theft of DEXX has caused chaos in the meme community and highlighted the fragmentation of the market, with anger from meme players and confusion from traditional currency speculators. Many are questioning the role of DEXX and the lack of new blockchain applications despite the potential of Layer 2, ZK and other projects.
This has led to a focus on revenue and PMF, with platforms like Friend.Tech, Coinbase and Pump.fun emerging as leaders. The meme craze has accelerated the development of new DEXs, offering a better trading experience than traditional DEXs like Binance. The launch of new assets daily offers the possibility of wealth effects and speed is key for retail investors.
Uniswap has the potential to surpass Binance, and new trading platforms are emerging as the next generation of trading platforms, potentially surpassing centralized platforms. BlockBeats has launched a new data product OPRR to track the development of these new platforms and identify the next real on-chain Binance.
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