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