Top 12 DEXs of May 2025: Decentralized Exchanges Reshape Crypto Trading
Decentralized exchanges (DEXs) have solidified their role as the backbone of peer-to-peer cryptocurrency trading, eliminating intermediaries and returning asset control to users. These blockchain-based platforms mitigate risks inherent to centralized counterparts—hacks, mismanagement, and custodial failures—while preserving privacy through minimal identity requirements.
Global accessibility defines the DEX advantage: no gatekeepers, no geographic restrictions. A wallet and internet connection suffice. Though their interfaces challenge newcomers, these platforms embody crypto’s foundational ethos—censorship resistance, self-sovereignty, and open participation.