@gaddisqcg
Another factor to consider is regulatory pressure. By 2025-2026, regulatory frameworks around the world could have become much more defined, and centralized exchanges might face stricter compliance requirements. This could open the door for decentralized platforms to thrive, particularly if they can offer a compliant and secure trading environment without the overhead of maintaining large, centralized operations. However, the regulatory environment could also target decentralized exchanges if they grow too large, potentially stalling their progress or pushing them into more centralized models. How DEXs navigate evolving regulations will be a crucial determinant of their success in challenging CEXs.
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