#DEX , when exchanges become automatic.
Since forever, to exchange money, stocks, or currencies, you had to go through an intermediary. A bank, an exchange, a broker. Someone who takes your order, validates it, processes it, and takes their commission.
But DeFi has changed everything. It created a new type of market. DEX, decentralized exchanges.
A DEX is an exchange platform that depends on no company, no central server. It’s a set of smart contracts that allow users to trade directly with each other, automatically and transparently.
No institution, no blocked funds, no authorization.
Just a connected wallet and code executing exchanges in real time.
How does it work? Thanks to a simple concept that flows from the idea itself.
On a DEX, there is no order book like in a traditional exchange.
Users themselves deposit their cryptos into VPNs. These pools are then used for exchanges between different tokens.
The price is calculated automatically based on supply and demand thanks to an algorithm: the AMM (Automated Market Maker).
Every time a transaction occurs, liquidity providers earn a small commission.
It’s finance without counters, without bosses, without places.
Finance that allows anyone to become a market actor, to create trading pairs, provide liquidity, and participate in the global digital economy — all with just a phone or a computer.
But this freedom also comes with responsibilities.
Mistakes cannot be undone, fake tokens exist, and scams are common.
The DEX is a field of freedom, but also of learning.
And yet, despite its risks, the DEX may represent the very essence of Web3:
A world where exchanges no longer pass through permission, but through programming.
A world where markets never sleep.
A world where trust is no longer signed by a banker, but verified by code.
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