The fact that centralized platforms hold this much power in a space centered around decentralization is a problem. This isn’t what Vitalik or Satoshi envisioned.

The entire reason cryptocurrencies were created to begin with because of centralized institutions like banks and governments taking control through financial means.

These centralized exchanges and other CeFi platforms aren’t any different.

They have full control over our hard earned funds and can legally do whatever they want with them. This is not to mention that they’re regulatory compliant meaning the government can basically tell them what to do.

How did it come this far? Ethereum and its dApps are a thing for a reason.

Why use a centralized exchange when DEXs are a thing especially when you take into consideration that they come with many more perks.

The “DeFi is expensive” arguments had long been dead with the advent of L2s and other scaling solutions.

The OGs like Arbitrum and Optimism are there for a reason. And now you got Ethereum based organizations like BitDAO investing hundreds of millions of dollars into scaling solutions which resulted in their most recent L2 launch Mantle with hyperscalability features for dApps and Web3 tech.

I’d hate to see all of this R&D money being wasted while we invest more into centralized exchanges.

Why dont we take advantage of all of this tech and the fact that L2s have become way more powerful, and start investing in DeFi instead??

I’m sick and tired of seeing people lose money because of the recklessness of centralized exchanges.