Decentralized Exchanges (DEXes) Summary 🌐📊

Decentralized exchanges (DEXes) offer peer-to-peer cryptocurrency trading without a central authority. They emphasize user autonomy and security. Here’s a brief overview of some of the top DEXes:

dYdX 🔄

Founded in 2017 by ex-Coinbase engineer, Antonio Juliana.
Focused on cryptocurrency perpetual trading.
Uses StarkWare’s layer two solutions for security and low fees.
Market share: 25%, with 25,000 global traders.

2. Uniswap 🦄

Based on Ethereum blockchain.
Native token: UNI.
Offers low transaction fees, vast crypto choices, and user autonomy.

3. Pancake Swap 🥞

Built on Binance Smart Chain (BSC).
Native token: CAKE.
Features include daily lottery and NFTs.

4. Curve Finance 🔃

Specializes in efficient on-chain stablecoin trading.
Includes liquidity pool rewards and low fees.

5. Apex Pro 🌄

Launched in 2022 on the Abitrum blockchain.
Offers advanced trading features and utilizes StarkWare’s layer two solutions.

6. Balancer ⚖

Ethereum-based.
Users can create customizable liquidity pools.

7. Sushi Swap 🍣

Started as a Uniswap clone.
Supports multiple blockchains and offers several ways to earn.

8. Trader Joe 🤵

Built on Avalanche.
Features decentralized NFT marketplace and a unique earning system.

These DEXes come with various pros, such as low fees, user-friendly interfaces, and multiple earning opportunities, and cons, such as high gas fees on Ethereum-based DEXes and limitations on supported tokens.

🚀 DEXes are continually evolving, providing traders with diverse options and features.

To dive deeper, check out the complete article: https://droomdroom.com/top-dex-projects/

The 10 Leading DEX Platforms to Keep an Eye On in 2024