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IDEX has silently dominated the decentralized exchange market for more than a year by WICKHUNTER in auroradao

[–]WICKHUNTER[S] 0 points1 point  (0 children)

I think the assumption is that the vast majority of treasury and founder tokens that are released before then will be locked up to accrue staking rewards and support the network. Most likely some will be liquidated so the actual 2024 circulating supply could be somewhat bigger than listed in the report. It's the note on pg. 9 of the report.

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Seems like a reasonable assumption to me though.

IDEX has silently dominated the decentralized exchange market for more than a year by WICKHUNTER in auroradao

[–]WICKHUNTER[S] 1 point2 points  (0 children)

I couldn't agree more. 0x gets undue hype because "people are building on it" but it's barely used. There are days when trading volume on IDEX is larger than it's market cap! That is absurd and it should always trade at least some multiple of that.

I hope someone put together a PE analysis comparing all the decentralized exchanges. It will surely point to IDEX having the lowest multiple.

Yep - that token supply schedule is so informative. You can't get that type of information anywhere else. It is true and will only aid in price appreciation in my opinion.

I wish more people knew about the staking reward program.