The IOTA network is rumored to be working on an on-chain order book decentralized exchange (DEX), which could disrupt the existing DEX landscape and put IOTA at the forefront of decentralized trading. Existing DEXs like Uniswap and PancakeSwap have limitations such as slippages, impermanent loss, and high gas fees, which IOTA's DEX could potentially address. It could offer gas-free transactions, ensure no slippages, reduce costs, provide non-custodial security, and eliminate price manipulation concerns. If IOTA delivers on these rumors, major players like Binance, Uniswap, and PancakeSwap could face serious competition. The upcoming mainnet launch of the Rebased Protocol will also boost staking participation, and the introduction of the IOTA Gas Station will enhance user engagement.
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