קריפּטאָ קאַלט וואַללעץ אין לעדזשער, טרעזאָר סאַלעס לבנה נאָך פטקס קאַלאַפּס

Decentralized exchanges (DEXs) are not the only businesses doing well after the seismic ייַנבראָך פון קריפּטאָ וועקסל FTX לעצטע וואָך. 

Hardware wallet manufacturers Ledger and Trezor both reported a huge spike in sales last week as consumers rushed to self-custody solutions to safeguard their digital assets. 

Hardware crypto wallets keep users’ private keys stored securely offline. Unlike software wallets, they’re mostly immune to online attacks, though they’re not entirely impenetrable and have been targeted by phishing attacks איידער. 

Still, in an unregulated industry where lenders and centralized exchanges with opaque finances can and do sequester people’s funds without a moment’s notice or mishandle them, many see devices like Ledger and Trezor as a cut above the alternatives. 

And last week’s sales figures suggest the same.

Trezor, Ledger boast booming sales

CEO Pascal Gauthier באשטעטיקט recent reports with דעקריפּט that the firm had enjoyed a hefty uptick in sales. 

“Last week saw Ledger’s highest sales week in history. Sunday was our single highest day of sales ever. Until Monday, when we beat our all-time high again,” said Pascal via email. “The message is clear: people are realizing that we must return to decentralization and to self-custody. ‘ניט דיין שליסלען, ניט דיין קאָינס.’ A saying as old as crypto itself, but it has never been more relevant.”

דעקריפּט also emailed Ledger’s main competitor Trezor who reported a similar surge in demand. 

Joseph Tetek ביטקאָין analyst at Trezor said that the wallet manufacturer had “indeed seen an exponential increase in sales since November 7.”

“While we welcome the surge in interest in self-storage solutions, we are not happy that the current surge in demand is the result of a massive loss of funds on FTX,” he added.

Rise of the DEX

Another self-custody solution that has been on the rise since last week is the decentralized exchange, known by the acronym DEX. 

DEXs accounted for $31 billion of crypto trades over the last week, according to statistics by דון. 

The fever pitch began Tuesday, the same day Binance announced it had signed אַ ניט-ביינדינג העסקעם צו בייל אויס FTX פֿאַר אַ אַנדיסקלאָוזד סומע. 

Many exchanges posted an overnight doubling in trade volumes in the 24 hours following the announcement, including the most popular DEX, Uniswap, which saw more than triple the volume. 

בלויז אַ טאָג פריער, די טריידינג באַנד איז געווען קימאַט $ 1.3 ביליאָן - אַ מער אָדער ווייניקער דורכשניטלעך טאָג ביי Uniswap אין די לעצטע חודש. אָבער, אין די וועקן פון די ביילאַוט נייַעס, וואַליומז ספּיקאַד צו נאָר איבער $ 4.2 ביליאָן. 

If there’s one immediate silver lining to FTX’s downfall, it’s that the industry is no longer blindly trusting centralized custodians.

Now, buzzwords like “security” and “self-custody” are coming to the fore.