Chengdu Lianan: A Brief Discussion on the Status Quo and Regulation of Decentralized Exchanges

On August 10, the DEX project Curve announced the end of its governance token pre-mining. The event attracted over 9,000 addresses to participate, including 20 whale addresses. Recently, DEX projects such as Uniswap and Balancer have also seen continuously increasing trading volumes in DeFi. This indicates that the market has high expectations for DEX projects. DEX differs from traditional centralized exchanges in that it does not require KYC verification for token listing and trading. While this makes token listing more convenient, it also lowers the cost of malicious activities.