The #crypto industry's evolution has leaned heavily on #CEXs, benefiting VCs, key influencers, and established projects.

DEXs, led by @Uniswap , have stirred discussions about replacing CEXs. Though this hasn't happened yet in the past 3 years, the momentum feels different now.

@solana has developed a robust on-chain financial ecosystem, spanning token issuance to user-friendly trading platforms catering to both novices and experienced users.

@pumpdotfun excels as an incubator for early-stage projects, albeit with low success rates (perhaps lower than 0.001%) — an acceptable tradeoff for nurturing innovation.

@RaydiumProtocol , @orca_so , and @MeteoraAG offer highly efficient liquidity solutions that outpace traditional finance, with low fees and sophisticated trading tools.

Platforms like @dexscreener and @gmgnai bring transparency to on-chain trading, catering to both beginners and advanced users.

@usemoonshot expands access for retail users, enabling easy entry into crypto trading and providing a variety of crypto-native tokens, similar to how Robinhood opened up stock trading for everyday investors.

Altogether, a new, efficient financial ecosystem is unfolding on-chain, promising transparency similar to traditional finance. Although 99.99% of tokens hold little lasting value, their circulation fosters industry-wide innovation.

This is the price of progress.