How DEXs Fuel the Development of the Decentralized Internet

Written by anton-dzyatkovskii | Published 2021/05/09
Tech Story Tags: decentralization | crypto | dex | decentralized-exchange | decentralized-internet | what-is-a-dex | how-does-dex-get-liquidity | hackernoon-top-story

TLDR Decentralized exchanges (DEXs) allow users to exchange crypto assets on a peer-to-peer basis, through on-chain or off-chain order books or via an automated market maker approach (liquidity pools) The top 10 DEXs trading volume is significantly inferior to the volume on the top 10 CEXs, with a ratio of $0.104 trillion to $1.44 trillion respectively, as of March 2021. DeXs are having a greater impact on the development of the blockchain space and the decentralized internet.via the TL;DR App
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Written by anton-dzyatkovskii | CEO and co-founder of Platinum Software Development Company. Blockchain enthusiast, blogger.
Published by HackerNoon on 2021/05/09
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