We validate our solution by considering its utility to our target users.
The main users who will drive growth fall into three categories:
- DeFi Native - A ‘typical’ degen
- Retail - A standard CEX user
- Automated traders - Market makers, institutions and more advanced traders
Each group has their own preferences and capabilities, which shape what they regard as “frictionless.”
A competitive DEX must address these needs better than incumbent CEXs. “Degens” are typically willing to be innovative and pioneering in return for token reward and the ability to participate in a new community that rewards their involvement.
The two groups most underserved by the current market state are retail and automated traders.