Thanh highlighted the importance of focusing on specific blockchain technologies, particularly Solana, which has emerged as a leading platform amidst a saturated market. He believes that narrowing down efforts to successful chains like Solana allows for more effective resource allocation and potentially better outcomes for developers. This strategic focus could be crucial for project builders aiming to establish themselves in the competitive landscape of blockchain.
2. The Rise of Decentralized Exchanges (DEX)
Thanh pointed out that currently, only 16% of trading volume is generated on decentralized exchanges (DEX) compared to centralized exchanges (CEX). He argues that as projects increasingly move away from CEX, there will be significant growth in DEX market share in the upcoming years. This transition will democratize access and reduce the expenses associated with centralized listings, allowing developers greater freedom in launching tokens.
3. The Importance of Open Infrastructure in Crypto
Thanh emphasized that the core DNA of cryptocurrencies and blockchain technology lies in providing open and permissionless infrastructure for building financial applications. He expressed concern that centralized gatekeepers limit the potential for innovation in the space, advocating for an ecosystem where any developer can create and launch projects freely, which is vital for the continued evolution of decentralized finance (DeFi).
4. Opportunities Beyond Meme Tokens
While acknowledging the current popularity of meme tokens on Solana, Thanh also indicated that there is much more to explore within the ecosystem. He mentioned various categories like AI tokens, IP tokens, and real-world assets (RWA) that present underexplored opportunities. This broad spectrum of opportunities suggests that innovators should look beyond the obvious to seize new market potential.
5. Innovations with DMM's Liquidity Solution
Thanh introduced the Decentralized Market Maker (DMM) as an innovative decentralized exchange on Solana that aims to enhance liquidity management. Unlike traditional models, DMM employs liquidity books that allow for more efficient trading, catering to the needs of traders while optimizing yield generation through fee compounding. This solution is designed to simplify the user experience and maximize profits for liquidity providers.
6. User-Friendly Interfaces Are Key
Thanh underscored the necessity of creating simple and intuitive user interfaces for platforms like DMM, which cater to both experienced traders and newcomers to the blockchain space. He believes that easing the learning curve for new users will encourage broader participation and engagement, thereby fostering community growth and enhancing the platform's overall success.
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