It’s possible that volume on decentralized derivatives can exceed decentralized spot exchanges at some point."
    DEXes are increasingly moving to layer-two solutions.
    "The concept of digitizing financial markets and how they can be reimagined along user-centric lines, is something people are still learning about."
    "Regulation will continue to be top of mind for DEXes globally."

Debate continues to rage over just how decentralized crypto really is. While cryptoassets such as Bitcoin (BTC) operate with no obvious center, critics note that the overall market is far too reliant on a handful of centralized exchanges -- , , and (to name a few) -- for its liquidity and investment.

Well, crypto has in fact already provided a solution to this problem, in the form of decentralized exchanges (DEXes). These are effectively protocols for creating pools of assets that can be traded, and while they have remained relatively marginal in previous years, 2021 saw them gaining in importance.

According to industry figures speaking to Cryptonews.com, DEXes will continue to grow in 2022, fueled by the growth of competing blockchains and faster layer-two scaling solutions. And even if their centralized counterparts may remain dominant, they will continue to gain more market share, with rising demand for self-custody fueling their expansion.