True for ETH; not necessarily for faster chains.
Quote Tweet
The future of Dexes lies solely in Layer2.
Layer1 Dexes are either too uneconomical or too centralized.
16
11
103
Conversation
Still waiting to see a scalable layer1 blockchain that is not tending towards centralization.
8
2
9
Supply is very concentrated. Together with PoS this reminds me of centralization. Happy to be proven wrong, though.
1
2
Replying to
FWIW validators are no more concentrated than ETH mining is:
solanabeach.io/#/validators
etherchain.org/charts/topMine