What is a crypto Dex and how does it work?

A DEX doesn't offer custody of users’ crypto assets. Instead, users directly hold all their assets in their own wallets at all times. The largest crypto DEXs had begun to challenge some of the largest centralized exchanges (CEXs) in terms of trading volume by late 2021, according to a report by global accountancy KPMG.

What is Dex (Dex)?

The current CoinMarketCap ranking is #2482, with a live market cap of $40,821.74 USD. It has a circulating supply of 191,542,291 DEX coins and the max. supply is not available. DEX (DEX) is a cryptocurrency and operates on the Ethereum platform. DEX has a current supply of 1,892,996,914 with 191,542,290.51 in circulation.

What is a decentralized exchange (DEX)?

Just as exchanges are the largest crypto firms, DEXs are the largest decentralized organizations. Typically, DEXs do away with conventional exchange order books – where buyers and sellers are matched based on order prices and volume – in favor of " liquidity pools ."

What is the largest Dex in the world?

The largest DEX is Uniswap, which was created on the Ethereum blockchain in 2018 by a former mechanical engineer who had learned to code only after getting laid off by Siemens the previous year. By late 2021, it was processing transactions worth more than $1 billion each day.