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I just realized an interesting thing about the difference between current decentralized exchanges. Most DEXs require you to connect your wallet directly to their interface, which means you're granting access to a certain website. This is completely different from how THORChain operates.
With THORChain, everything is much simpler. You just need to send a transaction from your wallet along with a memo, and boom, the swap happens. No connection needed, no smart contract approval, no trust in any interface. Compared to traditional OTC platforms or even regular DEXs, this is a completely different approach.
What makes me think is, are the so-called "decentralized" systems today truly decentralized? If you have to connect your wallet to a domain, you're still dependent on their infrastructure. THORChain is different; it allows you to trade without directly interacting with any centralized interface. That’s the real difference between a truly decentralized system and what we have today.