Analysis: Unmanaged exchanges will not account for a large part of the trading volume of centralized exchanges in the future

The Block issued an analysis saying that, similar to the transaction volume of centralized exchanges, the total transaction volume of non-custodian exchanges fell to a nearly nine-month low in December last year. In January 2019, the ratio of unmanaged transaction volume to centralized transaction volume was only 0.30%, but by the end of 2019, this proportion has risen to more than 0.50%. Uniswap currently goes hand in hand with Kyber Network and has the largest volume of unmanaged transactions. In the foreseeable future, non-custodial exchanges will not account for a large part of the trading volume of centralized exchanges.