Decentralized exchanges and aggregators drive DeFi growth By Cointelegraph


Decentralized exchanges and aggregators are driving DeFi’s growth

As the decentralized financial segment continues to gain momentum despite a general slump in the crypto space, decentralized exchanges (DEXs) and aggregation services have shown sustained growth recently. Within the DEX segment, aggregation services have made remarkable advances.

When bitcoins (BTC) Exchange rate dropped dramatically in May, some observers feared that this could deal a serious blow to the entire crypto sector. However, that did not happen. A few months later, the industry is still chugging, and arguably its most promising area – decentralized financing – continues to grow.

Sergej Kunz is co-founder of the 1inch Network, a distributed network of decentralized protocols. From 2015 to 2019, Sergej worked for the consulting company Mimacom and managed projects for major customers such as Bosch, Siemens and Porsche. After joining Porsche full-time, he gradually switched to cybersecurity. He was also a co-host of the YouTube show CryptoManiacs. At a hackathon in 2019, Sergej and the later co-founder of the 1inch Network, Anton Bukov, developed a prototype of a crypto-exchange aggregator that became the basis of the entire network.

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