What is a decentralized exchange (DEX)?
DEXs allow users to trade cryptocurrencies directly from their wallets, maintaining full control over their assets.
#AMMs, such as Uniswap, replace traditional order books with liquidity pools. This system enables users to trade instantly without the need to match buyers and sellers, making decentralized trading more efficient and accessible.
Decentralized exchanges can be a bit more complicated to understand, especially for beginners. You have to manage your own wallet, keep your seed phrase safe, and understand how gas fees and blockchains work.
DEXs are changing the way we think about crypto trading. By eliminating the middleman, giving users control over their assets, and opening up global access to financial services, they provide a compelling alternative to centralized exchanges.