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.
Tether freezes $1.4M in TRON vaults and THORChain stalls
A researcher reported resumed TRON swaps after four vaults were blocklisted, exposing issuer control over USDT inside decentralized infrastructure.
THORChain made 63% of its record $3 million September income during the Bitget hack-linked trading surge
The five-day burst pushed monthly income to its highest since March 2025 while wallet growth barely moved.
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.
