DEX
Decentralized Exchange. A cryptocurrency exchange platform that facilitates trading of assets on its own distributed ledger, removing the need for a centralized authority and potentially lowering trading costs
In a sentence
The trader swapped tokens on a DEX directly from her wallet.
- The trader swapped tokens on a DEX directly from her wallet.
- A DEX uses smart contracts or distributed infrastructure instead of a centralized order custodian.
- Liquidity providers supplied assets to the DEX pool and earned trading fees.
- The DEX transaction settled on-chain after the user approved it.
- The aggregator compared prices across several decentralized exchanges.
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Stories, market data, and analysis that reference this concept.
Uniswap trading volume explodes to record levels over 7 million per day – but actual fees lag far behind
More than 7 million daily swaps fit the record pace, while public data cannot show what share reached fee-enabled pools.
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Four Aerodrome pools showed $6.07 million in displayed liquidity while official Aave V3 records listed none of the B20 assets.
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A tiny cluster of Solana bots unlocked a 3x trading advantage by routing through one proprietary protocol
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