Are Crypto Swaps Making Traditional DEXs Obsolete?

XTalks Live Space Discussion

On 25 March 2025, host Kody welcomed a global audience and introduced a panel of crypto innovators: Alex Davis (Maverick), Crypto Mackay (Turn), Shadow (Chain Site), Joel (Dash Pay), and Jeff (Amplify). Each panelist brought unique projects to the table, from real-world asset integration to AI-driven DeFi solutions. The session’s centerpiece was a lively debate: Are crypto swaps making traditional decentralized exchanges (DEXs) obsolete? Here’s a rundown of the discussion.

Project Introductions

  • Maverick (Alex Davis): A layer-1 blockchain integrating real-world assets into DeFi, featuring secondary markets and a lending platform, Maven Finance. Ascendancy
  • Turn (Crypto Mackay): An interoperability bridge protocol in testnet, designed to connect disparate blockchains seamlessly.
  • Chain Site (Shadow): A cross-chain data orchestration network enhancing smart contracts with off-chain data.
  • Dash Pay (Joel): A digital money solution focused on instant, secure, and private payments.
  • Amplify (Jeff): An AI-powered platform simplifying DeFi asset management by removing technical hurdles.

Main Discussion: Swaps vs. Traditional DEXs

The core question sparked a nuanced debate about the role of swap features in today’s crypto ecosystem.

  • Alex Davis broke down DEX types—AMMs, order book DEXs, and OTC markets—arguing that swaps are a key feature within DEXs, not a replacement.
  • Kody framed the topic as clickbait, highlighting the symbiotic relationship between swaps and DEXs.

User Experience in Crypto Swaps

Panelists agreed that simplifying crypto for users is critical:

  • Ease of Use: Projects like Turn and Layer One X are tackling complexities like bridging and token compatibility to streamline interactions.
  • Joel (Dash Pay): Advocated for hiding technical processes from users to boost accessibility.

The Future of Swaps and Interoperability

  • Automation: The group envisioned a future where swaps happen seamlessly without user input, embedded within protocols.
  • AI in DeFi: Jeff (Amplify) emphasized AI’s potential to automate swaps, making DeFi more approachable.
  • Layer One X and Xtalk: Briefly mentioned by Kody, these projects (spelled as Layer One X and Xtalk per request) focus on decentralized, bridge-less inter-chain solutions, enhancing cross-chain fluidity.

Liquidity Across Chains

Liquidity emerged as a hot topic:

  • Effesco: Stressed the need for multi-chain liquidity to support seamless operations.
  • Shadow (Chain Site): Called for developer-friendly liquidity infrastructure as a public good to drive innovation.

Closing Thoughts

Kody wrapped up with appreciation for the panelists and listeners, radiating excitement about the sector’s ongoing evolution. The session underscored a collective push toward integrating crypto solutions for a smoother, more user-centric experience.

Key Takeaway

From interoperability protocols to AI-driven DeFi, the panel showcased how swaps, DEXs, and emerging tech are converging to redefine crypto’s future—prioritizing simplicity, liquidity, and innovation across chains.

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