Decentralized exchanges (DEXs) have emerged as a crucial component of the decentralized finance (DeFi) ecosystem, offering users the ability to trade cryptocurrencies in a decentralized and non-custodial manner.
Unlike traditional centralized exchanges, DEXs operate on blockchain technology, allowing users to trade directly from their wallets without the need for a middleman.
This article explores the evolution, key features, advantages, challenges, and future trends of DEXs in the rapidly evolving DeFi landscape. One of the most significant features is decentralization itself, which means that DEXs operate without a central authority or intermediary. [Read more…] about The Rise of Decentralized Exchanges (DEXs) in DeFi