Yesterday, I made a post explaining the decentralized exchanges and I got a feedback in the comments that hive-engine is not a DEX.
To the extent that the ownership of this exchange is with the private company the feedback is right. It is not a real DEX. However, it is built on blockchain, it helps the trade of tokens issued on hive blockchain, it facilitates the staking, it facilitates the diesel pools, which are the features of DEX.
The massive growth of Hybrid Exchanges is surely changing the crypto landscape. Hybrid Crypto Exchanges came into existence based on the limitation of centralized and decentralized cryptocurrency exchanges.
It collectively brings out the positive aspects of centralized cryptocurrency exchange and decentralized cryptocurrency exchanges. It provides an opportunity for the users to directly buy and sell the coins in the open market.
HEX provide fast and transparent crypto transaction rates. That makes hybrid crypto exchanges for global crypto traders an enticing choice. Hence, within no time after the launch, hive-engine became the default choice of trading on hive. This is the default exchange on the hive.
In hybrid crypto trading, the technology used is scalable. It helps in positioning it as a prospective digital currency exchange hub. Now the hive-engine is getting replaced by tribaldex and is adding significantly large number of features.
Its liquidity pools offer one of the best rewards in the crypto world in the post-bloodbath in the crypto markets. Currently, there is a bloodbath in the crypto markets and most of the high stake currency options are closed, however the currencies pairs like SWAP.HIVE:PLN and SWAP.HIVE: LASSECASH offers the above average APRs. Tracking these APY helps the investors on the hive platform to build their wealth faster.
Hive is a classic case study for the students who are learning the crypto currency markets.