What is a decentralized crypto exchange?

Decentralized crypto exchanges (DEXs) are blockchain -based apps that coordinate large-scale trading of crypto assets between many users. They do that entirely through automated algorithms, instead of the conventional approach of acting as financial intermediary between buyers and sellers.

How many decentralized crypto exchanges are there?

We track 812 decentralized crypto exchanges with a total 24h trading volume of $26.5 Billion, a -16.36% change in the last 24 hours. Currently, the DeFi volume dominance is at 22.1%, and the 3 largest decentralized exchanges by volume are Thruster V3, BlasterSwap, and Uniswap V3 (Ethereum). USDB/0X430... USDB/0X430... WETH/0XA0B... TRUMP/SO11...

What are the most popular decentralized exchanges in the crypto space?

Below is a decentralized exchange list covering some of the most popular DEXs in the crypto space today and exploring how they each cater to their own user base of crypto traders and investors. Uniswap is one of the largest decentralized exchanges by volume, and a pioneer within the decentralized finance (DeFi) sector.