Lack of privacy in DEXs is one of their most fundamental flaws, or features.
Decentralized exchanges have first come into prominence during the DeFi boom, and they’ve been a staple of the on-chain experience ever since. But we’re nowhere close to their limit: DEXs might still look completely different from how they were before.
Currently, decentralized exchanges continue to gain strength in terms of spot volumes and funds locked. With the memecoin boom on Solana, Base and other platforms, DEXs have become the go-to platform for trading even for some people who never interacted with wallets before.
According to DefiLlama, DEXs cumulatively account for about $6B daily volume and about $45B weekly, spearheaded by Uniswap and Raydium on Solana.
Weekly DEX volume, source: DefiLlama
Though by no means dominating, these figures would place both Uniswap and Raydium among the top-5 exchanges overall, and the sector as a whole would be the 2nd largest exchange by volume, just behind Binance (according to CoinGecko).
Nonetheless, DEXs tend to generate most of their high value volume from assets not listed on centralized exchanges, keeping the two as separate niches. This is where new technology might help DEXs gain an upper hand in the coming months and years.
On-chain Privacy to Fix MEV and More
Lack of privacy in DEXs is one of their most fundamental flaws, or features, depending on how you see them.
Everyone sees every trade you’ve made, making it easy to copy trade, to gather information and to discover nefarious activity. However, the flipside of this transparency is frontrunning, which makes you lose money by getting a guaranteed worse execution. In addition, sometimes you might want to have full privacy for your trading activity to keep your edge.
Ideally, we’d all have a choice, which is why privacy protocols and L1s would be a great boost to trading activity on DEXs.
Luckily, privacy is one of the more exciting L1 trends to finally come online this year or the next. Among them, we have many different approaches competing for the honor of launching a private blockchain.
This is important as currently, all the data submitted and stored in a blockchain is fully public, unless it’s encrypted separately. To add private transactions, blockchains need a way to verify that the transactions are safe without knowing their contents. This is where complex cryptography including zero knowledge (ZK), fully homomorphic encryption (FHE) and garbled circuits (GC) come into play.
On the ZK privacy side, we have projects like Aztec and Aleo due to come online soon.
While ZK is the one traditionally associated with privacy, competing solutions like GC are also solid contenders. In particular, COTI’s GC solution is expected to be less computationally intensive than ZK, while offering similar privacy guarantees. This means that, with all else equal, Coti’s garbled circuits should be more performant.
All three technologies can be used to offer privacy, but the devil is in the details. Whichever solution manages to offer the best-working platform, wins.
More chains, better performance
The past 12 months have seen the breakout of L2 solutions that bring fast and cheap scalability while bootstrapping safe blockchain. Many of the top chains by TVL are L2s for Ethereum and other platforms, while some DEXs are entirely hosted on their own L2 for speed.
Zk-rollups have been used extensively to build DEX appchains, such as dYdX or QuickSwap’s Citadels.
Still, there are many more possibilities for using L2s to deploy DEXs, including the up-and-coming space of Bitcoin L2s.
Here, connect solutions like exSat might unlock new technology for DEXs that simultaneously tap into the $1.3T+ Bitcoin network, which has so far been left out of the innovation in DeFi. ExSat helps bridge together Bitcoin L2s by using the EOS network as an additional storage of data and RAM. In essence, it lets people run protocols tapping into Bitcoin while retaining the advantage of a fast and EVM-compatible blockchain.
Improving the user experience
Without a doubt, the biggest upcoming trend for DEXs will be through improving usability and letting the user experience reach and surpass that of centralized exchanges.
Currently, going from fiat to trading on Raydium requires 5-6 different steps of converting fiat to SOL, setting up a wallet, setting up trading tools to see what’s going on, and using a third party app to actually use Raydium.
Many ecosystems are looking to improve on these flows, including Ethereum with its many account abstraction proposals. However, these efforts will take time to pay off as the infrastructure of older networks is deeply rooted in its ways.
A newer chain might offer a better chance of getting things right immediately. Vara, a new high performance network built on Gear, has recently made a lot of strides in creating better tools for developers to make using the network extremely simple.
Through their Gasless and Signless transaction architecture, developers can offer gas vouchers to their users in the backend, which lets them join the network without jumping through hoops to get their first wallet funded. It’s currently making a push to attract more traditional developers who might be used to WebAssembly, a framework often used for high performance web apps.
The future is rosy for DEXs
All the most profitable businesses in crypto were exchanges of some kind. They all differ by the kinds of assets they list and how they operate, but ultimately it’s all about bringing together buyers and sellers of assets.
DEXs are an expression of the freedom to transact that was inbuilt in the Bitcoin whitepaper. Coming from a time when no one believed they were practical in 2017, to becoming among the top by volume overall, the trend for DEXs has been one of spectacular growth despite all odds.
As crypto infrastructure matures, DEXs will be among the first to make heavy use of it. Over time, that might just make decentralized exchanges the global standard for trading.
Decentralized exchanges have first come into prominence during the DeFi boom, and they’ve been a staple of the on-chain experience ever since. But we’re nowhere close to their limit: DEXs might still look completely different from how they were before.
Currently, decentralized exchanges continue to gain strength in terms of spot volumes and funds locked. With the memecoin boom on Solana, Base and other platforms, DEXs have become the go-to platform for trading even for some people who never interacted with wallets before.
According to DefiLlama, DEXs cumulatively account for about $6B daily volume and about $45B weekly, spearheaded by Uniswap and Raydium on Solana.
Weekly DEX volume, source: DefiLlama
Though by no means dominating, these figures would place both Uniswap and Raydium among the top-5 exchanges overall, and the sector as a whole would be the 2nd largest exchange by volume, just behind Binance (according to CoinGecko).
Nonetheless, DEXs tend to generate most of their high value volume from assets not listed on centralized exchanges, keeping the two as separate niches. This is where new technology might help DEXs gain an upper hand in the coming months and years.
On-chain Privacy to Fix MEV and More
Lack of privacy in DEXs is one of their most fundamental flaws, or features, depending on how you see them.
Everyone sees every trade you’ve made, making it easy to copy trade, to gather information and to discover nefarious activity. However, the flipside of this transparency is frontrunning, which makes you lose money by getting a guaranteed worse execution. In addition, sometimes you might want to have full privacy for your trading activity to keep your edge.
Ideally, we’d all have a choice, which is why privacy protocols and L1s would be a great boost to trading activity on DEXs.
Luckily, privacy is one of the more exciting L1 trends to finally come online this year or the next. Among them, we have many different approaches competing for the honor of launching a private blockchain.
This is important as currently, all the data submitted and stored in a blockchain is fully public, unless it’s encrypted separately. To add private transactions, blockchains need a way to verify that the transactions are safe without knowing their contents. This is where complex cryptography including zero knowledge (ZK), fully homomorphic encryption (FHE) and garbled circuits (GC) come into play.
On the ZK privacy side, we have projects like Aztec and Aleo due to come online soon.
While ZK is the one traditionally associated with privacy, competing solutions like GC are also solid contenders. In particular, COTI’s GC solution is expected to be less computationally intensive than ZK, while offering similar privacy guarantees. This means that, with all else equal, Coti’s garbled circuits should be more performant.
All three technologies can be used to offer privacy, but the devil is in the details. Whichever solution manages to offer the best-working platform, wins.
More chains, better performance
The past 12 months have seen the breakout of L2 solutions that bring fast and cheap scalability while bootstrapping safe blockchain. Many of the top chains by TVL are L2s for Ethereum and other platforms, while some DEXs are entirely hosted on their own L2 for speed.
Zk-rollups have been used extensively to build DEX appchains, such as dYdX or QuickSwap’s Citadels.
Still, there are many more possibilities for using L2s to deploy DEXs, including the up-and-coming space of Bitcoin L2s.
Here, connect solutions like exSat might unlock new technology for DEXs that simultaneously tap into the $1.3T+ Bitcoin network, which has so far been left out of the innovation in DeFi. ExSat helps bridge together Bitcoin L2s by using the EOS network as an additional storage of data and RAM. In essence, it lets people run protocols tapping into Bitcoin while retaining the advantage of a fast and EVM-compatible blockchain.
Improving the user experience
Without a doubt, the biggest upcoming trend for DEXs will be through improving usability and letting the user experience reach and surpass that of centralized exchanges.
Currently, going from fiat to trading on Raydium requires 5-6 different steps of converting fiat to SOL, setting up a wallet, setting up trading tools to see what’s going on, and using a third party app to actually use Raydium.
Many ecosystems are looking to improve on these flows, including Ethereum with its many account abstraction proposals. However, these efforts will take time to pay off as the infrastructure of older networks is deeply rooted in its ways.
A newer chain might offer a better chance of getting things right immediately. Vara, a new high performance network built on Gear, has recently made a lot of strides in creating better tools for developers to make using the network extremely simple.
Through their Gasless and Signless transaction architecture, developers can offer gas vouchers to their users in the backend, which lets them join the network without jumping through hoops to get their first wallet funded. It’s currently making a push to attract more traditional developers who might be used to WebAssembly, a framework often used for high performance web apps.
The future is rosy for DEXs
All the most profitable businesses in crypto were exchanges of some kind. They all differ by the kinds of assets they list and how they operate, but ultimately it’s all about bringing together buyers and sellers of assets.
DEXs are an expression of the freedom to transact that was inbuilt in the Bitcoin whitepaper. Coming from a time when no one believed they were practical in 2017, to becoming among the top by volume overall, the trend for DEXs has been one of spectacular growth despite all odds.
As crypto infrastructure matures, DEXs will be among the first to make heavy use of it. Over time, that might just make decentralized exchanges the global standard for trading.
EXCLUSIVE: iFX EXPO Launches New Event in Dubai: The Trading Festival
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
