Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Mahindra on June 24, 2021, 06:05:31 PM
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The $40 billion DeFi market is fueled exclusively by the very best decentralized exchanges, a type of trading platform that we respect as a guardian of blockchain technology and its decentralized spirit. If you are in need of quality DEXs and an explanation of why they are important, you have found the right guide.
How can we call ourselves true cryptocurrency supporters if we buy coins and tokens through centralized exchanges? The ethos of decentralization is vital for crypto’s survival, and thankfully enough, the popularity of decentralized exchanges (DEXs) reveals that there is still hope for preserving traditional blockchain values.
Our new type of trading platform helped with reviving crypto by bringing entirely new features and methods of making money. It sparked the yield farming craze, implemented voting powers through governance models, and even led to crypto loans.
DEXs successfully compete with CEXs and even major companies like Coinbase have trouble contesting decentralized liquidity protocols like Uniswap. We trade in an environment entirely different compared to the last bull run. On that account, how can anyone interact with cryptocurrencies without knowing about the best decentralized exchanges?
We will give you a helping hand in discovering these great platforms, but before we do that it would be wise to first learn more about the importance of decentralized exchanges. information (https://academy.shrimpy.io/post/the-best-decentralized-exchanges-in-defi)
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In the cryptocurrency market, we have to deposit different types of tokens on different types of exchanges.
Below are the names of some of the popular exchanges.
1. Uniswap
2. SushiSwap
3. 1Inch Exchange
4. PancakeSwap
5. Bancor
Etc...
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I believe in PolkaSwap - DEX on PolkaDot & support for all tokens of many different platforms attached to PolkaDot, such as Ethereum, BSC, TRON, WAVES, EOS, Solana, Cardano... If the launch is successful then PolkaSwap will be a formidable competitor to other DEXs on each of these platforms.
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The best Decentralised exchange in defi
Uniswap v2
Kucoin
PancakSwap
LaToken
Binance
Etc..........
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The best Defi 42 billion Crowe was dismissive of attempts to create Decentralized for perfumes that involve simply creating a visual digital artwork to sit alongside a scent. "It's cool, but I wouldn't have been happy doing something like that because I just don't think it makes any sense.
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I see Bancor is ranked 5th, who would have thought a Dex exchange like Uniswap could attract a large number of investors and they provide a liquidity pool for traders, this is the choice of the users and I think the more new users there are the more likely they will be happy to trade there , gas costs as in the article above will not be a problem, because now we have seen pancake swaps with the BSC network which have low costs for trading
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The best Decentralized Exchanges for DeFi are.
Pancakswap
Uniswap
1inch
Sushiswap
BurgerSwap
Etc .
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For etherum chain, uniswap will be the best AMM/DEX though other AMMs or aggregator platforms are shifting into other chains. Also, pancakeswap & openocean is the best dex for bsc chain as well as quickswap & dfyn are best for polygon/matic mainnet. BTW, raydium is best solana ecosystem. ;)
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for me the best defi platforms, the ones i use the most are on the bsc blockchain pancakeswap , on the eth blockchain uniswap , on the tron blockchain justlend,obviously there will also be other valid ones but these are the ones with which i am more comfortable