It really feels like the bull market is in swing at least the very start of it as more and more liquidity is coming online. A vast majority of liquidity has left centralized exchanges otherwise know as CEX.

CEX

In fact from the start of this year 700 billion was locked up in centralized exchanges with over 60% of it being in Binance. Fast forward to the latest report we have from Binance being down to roughly 40% of the market share and the total across all being just 300 billion dollars. That was back in September before all the craziness of the last month. One can only speculate (since I couldn't find newer numbers yet) that this amount is most likely extremely small 100 billion at best across these centralized exchanges.

DEX

Much of that money now seems to be being moved into DEX platforms with Uniswap pushing well over 600 million dollars daily. Thorwallet pushing well over 200 million and Pancake pushing over 100 million daily volumes.

There's now a number of DEX platforms Uniswap, PancakeSwap, Curve, SushiSwap, 1inch, Balancer, Bancor, dYdX, Verse DEX and countless others. We will most likely see a rapid explosion in values on the top platforms like Uniswap, Thor, Sushi and Pancake swap before other lesser known ones come into the spotlight mainly pushed by new advancements or new applications that use them.

DEFI

If we push into the DeFi space we can only see a small blip on the radar as of late. But from what I've been able to find DeFi Llama can't track things like V3 and new liquid staking tokens.

DeFi levels tracked here have only just started to move towards the start of the year levels but what isn't accounted for is all of the liquidity these systems now provide.

In fact there are some decent sized systems now even on this list right now. Things like the WAX blockchain have started to issue up liquidity and farms on their applications and even have pairs with the likes of USDT.

With more liquidity entering the market, more active wallets and more transaction volume what does that tell us? At least to me that would tell us we are at the start of the next bull run which will online continue to slowly heat up. Usher in big news such as Spot BTC ETF's and Ethereum Spot ETF's, bitcoins halving coming in just a few months and just large amounts of new applications and ways to earn and you got yourself one heck of a healthy mix for the next cycle no matter how much the government and SEC try to crack down on it.

Benefits

What we are also seeing is that staking platforms are becoming increasingly hot. Even though there was some decent backlash about Ethereum going to proof of stake it's without a doubt that more people and wallets hold at lease some Ethereum compared to the last bull run. This staking mechanize will almost certainly be a major bull run point as well.

What pools and DEX platforms are you currently using and are your favorites?

Posted Using InLeo Alpha