Technological impact assessment of Blockchain Technology on the synergism of decentralized exchange and pooled trading platform

Abstract

Blockchain technology has emerged as a disruptive force in the financial industry, offering decentralized solutions that redefine traditional models of exchange and trading. This paper investigates the technological influence of blockchain technology on the collaboration between decentralized exchanges (DEX) and pooled trading platforms. Through a comprehensive evaluation of their underlying technologies, functionalities, and implications, this study aims to illuminate their transformative potential and implications for the future of digital asset trading. By analyzing the benefits, challenges, and synergies inherent in integrating DEX and pooled trading platforms; valuable insights into the evolving landscape of decentralized finance (DeFi) are provided. The research addresses two main research questions: (i) Are there significant differences in the mean impact assessments between the Uniswap platform and the SushiSwap platform? (ii) Are there significant differences in the mean impact assessments across other decentralized exchange and pooled trading platforms? To test these questions, hypotheses are formulated for both t-tests and ANOVA comparisons. The study employs a methodological approach that includes a thorough literature review, data collection from online platforms, conceptual framework design, architectural analyses, and quantitative methods to analyze trading metrics. Results from cluster analysis and impact assessments of various platform upgrades reveal insights into blockchain technology's evolution and platforms' efforts to address challenges in decentralized finance ecosystems. Statistical tests, including t-tests and ANOVA, show no significant differences in impact assessments between platforms, indicating similar performance across various blockchain platforms. While this study finds no significant differences in impact assessments between platforms, it underscores blockchain technology's transformative potential in reshaping the digital asset trading landscape. Collaboration, innovation, and regulatory alignment are vital for fully harnessing blockchain's power in decentralized finance. It is pertinent that major stakeholders should continue to explore emerging trends and challenges in blockchain technology, fostering a supportive environment for innovation and growth in the financial ecosystem.