In an interview, AssetSwap.ai co-founders Yoann Defay and Jeremy Dahan talk about the current challenges in decentralized finance (DeFi) and how their platform aims to change the meme coin market.
Issues with DEX and Meme Coins
According to Jeremy Dahan, less than 10% of trading volume on DEXs genuinely provides value for users: "Most of the volume is pure speculation where users lose funds, while DEXs make money on fees." Yoann points out that "the trading volume is just noise created to generate fee revenue."
Solutions from AssetSwap.ai
AssetSwap.ai offers an innovative platform using AI-Pick — a system that analyzes over 10,000 data points in real time to assess token safety. "For users, it's as simple as typing a query, like 'What tokens are safe to buy today?'" explains Yoann. "The AI filters, scores, and suggests trades, making trading safer and more accurate."
The Future of Trading in DeFi
The founders emphasize that their goal is not to replace DEXs, but to create an intelligent layer prioritizing user interests. Jeremy adds: "We help users avoid repeated losses." AI-Pick addresses many issues novice traders face in the chaotic world of meme coins.
Overall, the interview highlights the need for a safer trading environment for meme coins using artificial intelligence as a protective mechanism. AssetSwap.ai's new approach may help newcomers navigate this chaotic market.
