Ethena Founder Expects DEXs to Gain Share as Firm Uses Centralized Venues
Photo: TokenPost
Guy Young, founder of Ethena Labs, expects decentralized exchanges to win more trading activity as their lower operating costs become more apparent, while Ethena uses centralized exchange liquidity to hedge its synthetic dollar, USDe. In an Oct. 7 podcast discussion, Young pointed to fewer costs for custody, security and customer verification at decentralized exchanges. He also said easier-to-use trading interfaces have made that cost advantage more apparent. For Ethena’s current hedging approach, he considers centralized venues’ risk controls a better fit. DEX spot volume share nearly doubled, rising from 6.9% in January 2024 to 13.6% in January 2026.
Source: TokenPost
