CZ said in an interview in January 2022: I believe DEX will one day replace CEX. In February 2025, he tweeted that he had only recently used AMM and other products for the first time, presumably PancakeSwap So in the five years since Uniswap became popular in 2020, the biggest CEX boss has never experienced it once, which is truly shocking 🤯 As stated in 'The Innovator's Dilemma', successful and currently dominant companies often fail in the face of disruptive innovation due to path dependence; The next generation of innovators will guide the next wave. Many executives in large companies rely on data and reports provided by their subordinates and stay away from the front line. It also indicates that DeFi is still in its early stages and has great potential.