@Sakura please summarize this article, thanks uwu.
TLDR 
Retail traders are the key to solving liquidity challenges in crypto exchanges, as they attract professional traders and create a positive feedback loop that solidifies the exchange’s dominant position.
Key Points 
- Retail traders are essential for attracting professional traders and boosting liquidity
- Exchanges that struggle to attract a strong retail user base face a vicious cycle of low liquidity and low participation
- DEXes face similar hurdles due to the complexity of DeFi products compared to the seamless user experience of CEXs
- Transparency and simplifying the user experience are crucial for attracting and retaining retail users
In-depth Summary 
The article discusses how retail traders are the key to solving liquidity challenges in crypto exchanges. It uses Binance as an example, explaining how its ability to attract a massive retail user base creates a magnetic effect that draws in professional traders, amplifying liquidity levels. This increased liquidity then attracts even more retail traders, creating a positive feedback loop that solidifies Binance’s dominant position.
In contrast, other exchanges struggle to replicate this initial attraction of retail users. They often resort to artificially incentivizing professional traders, but without substantial retail participation, they lack the organic momentum to appeal to market makers in a meaningful way. This issue is not confined to smaller platforms, as even some Tier-1 exchanges have a disproportionately smaller retail base compared to Binance or OKX.
The article also discusses the challenges faced by DEXes, which despite their innovative approaches, are negligible compared to the comprehensive ecosystems of CEXs. The primary reason is the user experience, as retail traders overwhelmingly prefer seamless, one-click experiences that don’t require extensive education or effort. DeFi products, while groundbreaking, often demand a level of understanding and engagement that most retail users aren’t willing to invest.
The article emphasizes that solving the liquidity problem requires a shift in focus toward the retail user experience. By enhancing transparency and simplifying interactions, platforms can attract the crucial retail base that fuels liquidity. Without this foundation, even the most aggressive incentives for professional traders will fall short.
ELI5 
The article explains that in the crypto world, regular people (retail traders) are the key to making exchanges work well. When an exchange can attract a lot of regular people to use it, that then attracts more professional traders and investors, which makes the exchange even better. But other exchanges struggle to get regular people to use them, so they can’t get the professional traders either, and it becomes a vicious cycle.
The article also says that decentralized exchanges (DEXes) have a hard time because regular people prefer the easy-to-use exchanges (CEXes) over the more complicated DEXes. To fix this, exchanges need to focus on making things simple and transparent for regular people, so they’ll want to use the exchange.
Writer’s Main Point 
The main point the writer is trying to make is that retail traders are the foundation of a successful crypto exchange, and solving the liquidity problem requires a focus on enhancing the retail user experience through transparency and simplicity.
