Not all DEXs are the same. Letโs break it down ๐
There are two main types of decentralized exchanges:
๐ Orderbook DEXs
Think of them like decentralized versions of traditional trading platforms.
Users place buy/sell orders, and when prices match, trades happen.
But unlike CEXs, thereโs no middleman โ smart contracts settle everything.
๐ AMM DEXs (like STON.fi)
More like a digital currency exchange booth.
No order books. Instead, trades happen against a liquidity pool.
Youโre not trading with another user โ you're interacting with a smart contract.
Pricing is set by an algorithm, and it's super fast, simple, and efficient.
๐งฉ AMMs offer a smoother, more beginner-friendly DeFi experience โ which is why STON.fi, as a TON-native AMM, is gaining so much traction.
Know the difference. Choose what fits your style.
