# Why Blitz Trade? As blockchain developers create innovative products the potential for on-chain options, derivatives, and structured products becomes more apparent. However, the on-chain traction today for trading dApps is minuscule compared to what’s available on centralized exchanges like Deribit.

DEX-to-CEX trade volume remains as low as 2.5%.

**Broken UX is the biggest roadblock that stifles adoption. Today's "trading dApps" version is clunky and filled with friction.** Traders face steep learning curves and must learn new trading techniques due to rapid market innovation. ### What problems are we solving at Blitz Trade v1? * **Trading dApps require excessive onboarding:** From learning the wallet UX to purchasing/bridging native tokens for gas fees to multiple-step interactions, DeFi UX is complex. Traders are forced to become proficient in blockchain technicalities to trade on a dApp. Have you ever had to wait days to trade on Bybit or Binance just to learn how to pay fees or confirm transactions? Why should the DeFi trading experience be any different? * **Private Keys pose a security hazard:** Losing the private key means losing access to the account since it represents your account. The situation worsens if someone else gains access to your private key, as they take control of your account and its tokens, leaving you powerless to stop them. While using a hardware wallet, inscribing your private key on metal, and storing it in a safe may have been suitable for early adopters, it's uncertain whether this approach can scale to accommodate billions of additional users. *On the DevEx side, what if the impending arrival of quantum computers makes you wish for a different signing scheme than ECDSA?* * **Gas fees can only be paid in native assets, and most fiat on-ramps are cost-inefficient:** The cost of switching between dApps and chains is simply too high for an average user. The current status quo of decentralized trading platforms requires traders to possess a specific token to cover gas fees depending on the supported chain. This can be inconvenient for users as they need to transfer or exchange asset A for asset B to acquire the appropriate token. * **Traders have to go through multi-step transactions to place a single trade:** On DeFi trading platforms, each trade constitutes a transaction that requires wallet confirmations and gas fees. It is unrealistic to expect non-crypto-native users without previous Web3 exposure or blockchain transaction experience to efficiently convert fiat to crypto, purchase/swap assets for ETH, pay gas fees, and authorize transactions correctly when onboarding dApps. *What if your favorite dApps like GMX, Gains, or Buffer could absorb the costs of their users' initial interactions or completely abstract away multi-step trades into 1-click trading? Is it possible to build an abstraction layer that could unleash these products and support the next wave of multi-billion-dollar protocols?* ### **The abstraction layer—the endgame of DeFi trading that will onboard the next +10M traders to DeFi—is here.** --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://blitz-trade.gitbook.io/blitz/introduction/why-blitz-trade.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.