DEX Trading Volume Grows 6,566% Year-over-Year, Quick Overview of Q3 2020 DEX Status

Key Takeaways The concept of DeFi emerged in 2019, a financial product service that does not rely on a centralized entity to provide credit intermediation or endorsement. Although DeFi was still in early development at the time, both its quantity and participation have shown exponential growth, and TokenInsight has given a highly positive evaluation to DeFi industry development.