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Exchange of what? WAVES/shitty self made tokens? BitShares DEX has almost all currencies and nobody uses that either.

you are confusing bitshares with waves....
you need to read more info before you judge ;)

It looks like WAVES is still alpha though.

bitshares / openledger has been up for a long time

Oh only heard about openledger recently, didn't know that's been running for a while, i knew about BitShares though. Anyway they probably all have way too low liquidity.

All cryptos started as shitty self made tokens
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No not shitty, Bitcoin was revolutionary :p

People say that now but not in 2009... And in a few years when everyone starts creating their own currency...most people will then say it is revolutionary...:)

Hehe probably.