• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Popular DEX exchanges

Popular DEX exchanges

user avatar

by Alexandra Smirnova

2 years ago


A DEX exchange, or decentralized exchange, is a type of cryptocurrency exchange that operates on a decentralized peer-to-peer network. This means that it doesn't rely on a central authority or intermediary to hold or trade cryptocurrencies. Instead, trades are facilitated directly between users through a smart contract, which is a self-executing code that runs on the blockchain.

DEX exchanges offer several benefits over centralized exchanges, including greater security, transparency, and control over one's own funds. Because trades are executed directly between users, there is no need to deposit funds into a central wallet or rely on a third party to hold and secure your cryptocurrencies. Additionally, DEX exchanges are more resistant to hacking and other security threats, since they don't rely on a single point of failure.

However, DEX exchanges typically have lower trading volumes and liquidity compared to centralized exchanges, which can result in higher spreads and slower transaction times. Additionally, some DEX platforms may have limited support for certain cryptocurrencies or trading pairs, which can be a barrier to entry for some traders.

Here are some examples of popular DEX exchanges:

  1. Uniswap: Uniswap is one of the most popular DEXs, built on the Ethereum blockchain. It uses an automated market maker (AMM) system to facilitate trades and allows users to trade a wide range of ERC-20 tokens.

  2. PancakeSwap: PancakeSwap is a DEX built on the Binance Smart Chain, which is known for its fast transaction speeds and low fees. PancakeSwap also offers liquidity farming and staking options for users.

  3. SushiSwap: SushiSwap is another DEX built on the Ethereum blockchain. It uses a similar AMM system to Uniswap and offers liquidity provision incentives to users who contribute liquidity to the platform.

  4. Curve Finance: Curve Finance is a DEX designed specifically for stablecoin trading. It uses a different type of AMM system called a "stableswap" that is optimized for low slippage and efficient stablecoin trading.

  5. 1inch: 1inch is a DEX aggregator that allows users to find the best prices across multiple DEXs for a particular trade. It also offers liquidity provision incentives for users who provide liquidity to the platform.

  6. Balancer: Balancer is a DEX that allows users to create their own customized pools of tokens. It uses an AMM system that allows for flexible pool configurations and offers liquidity provision incentives to users who create their own pools.

These are just a few examples of popular DEXs, and there are many other options available for users to choose from depending on their needs and preferences.

0

Share

Other articles

MetaMiners Game Overview: Earn Through NFT Mining in the Web3 Ecosystem

A detailed overview of the Web3 game MetaMiners: NFT mining, tokenomics, passive income, in-game economy, and earning opportunities in the blockchain space.

user avatarElena Ryabokon

15 hours ago

Helmets is an exciting Play—to-Earn Telegram game with NFT and airdrop

Helmets is a Play—to-Earn Telegram game via the @helmetsbot bot. Users tap on the screen to collect NFT helmets and participate in an airdrop. The project runs on the TON blockchain and immerses players in a Web3 environment.

user avatarMax Nevskyi

18 hours ago

Highstreet Review: How the Game combines Virtual Reality, Blockchain and phygital Products

Highstreet is a metaverse combining VR, gameplay, and commerce, where users explore worlds, interact with brands, and purchase phygital—products available both in-game and in real life.

user avatarMax Nevskyi

a day ago

In-Depth Guide to Deribit: Options, Futures, and Trading Infrastructure

Explore Deribit: the top crypto derivatives platform offering BTC and ETH options, futures, advanced API, robust security, and institutional-grade trading tools.

user avatarElena Ryabokon

a day ago

The Cursed Land: A Blockchain MMORPG Overview Featuring the TCL Token and MultiversX Economy

A detailed overview of the crypto game The Cursed Land: MultiversX blockchain, TCL in-game token, NFT-based economy, gameplay, character classes, mechanics, trading features, and digital ownership.

user avatarEve Adams

a day ago

MemeFi — a top Web3 game in Telegram with millions of players

MemeFi is a crypto game in Telegram featuring tap-to-earn mechanics, the MEMEFI token, NFTs, clans, and an in-game economy on the Sui blockchain. It supports earning, trading, and community participation.

user avatarEve Adams

2 days ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.