DEX
Decentralized Exchange. A cryptocurrency exchange platform that facilitates trading of assets on its own distributed ledger, removing the need for a centralized authority and potentially lowering trading costs
In a sentence
The trader swapped tokens on a DEX directly from her wallet.
- The trader swapped tokens on a DEX directly from her wallet.
- A DEX uses smart contracts or distributed infrastructure instead of a centralized order custodian.
- Liquidity providers supplied assets to the DEX pool and earned trading fees.
- The DEX transaction settled on-chain after the user approved it.
- The aggregator compared prices across several decentralized exchanges.
Continue your research
Stories, market data, and analysis that reference this concept.
Solana DEX volume spike hides circular trades, and automated bots are blamed
Bitquery's indexed-pool screen finds repeated round trips, but the depth available to independent traders has not been measured.
$1 billion in trading volume masks hidden liquidity risks for Coinbase stock token holders
Premarket routes priced $100,000 sales across ten tokens; displayed pool balances cannot show what a broad selloff would cost.
Hyperliquid opens native lending as HYPE hits new ATH above $90
The rollout gives traders access to more than $400 million of supplied liquidity while expanding HyperCore beyond trading.
Malicious Uniswap v4 hooks are baiting DeFi traders with fake swap quotes
Malicious Uniswap v4 hooks can win aggregator routing with attractive quotes, then change behavior when a user's transaction settles.
