@lawrenceclenneyg
On a day where major cryptos remained subdued close to weekly lows, traders instead turned to on-chain DEX markets in their hunt for top crypto gainers today.
Even on a good day for the broader crypto market, the top crypto gainers on any given day are normally to be found in the DEX markets.
That’s because the cryptos trading on DEXs on blockchains like Ethereum and Solana are usually very illiquid.
And that means that a relatively small amount of buy or sell pressure can result in big price swings.
On-chain DEX markets have a strong appeal to traders, given stories of traders posting 100x or more gains and getting rich from a small investment.
But readers must remember that these occurrences are exceedingly rare.
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