DEX - News, Opinion & Analysis

DEX

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A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way on a distributed ledger. One of the first DEX’s was launched in 2014 by the team behind the NXT cryptocurrency. Since then, a multitude of decentralized exchanges have launched but they are still very much in their early stages. 

Unlike centralized exchanges (CEX), which operate from centralized servers and are controlled by a central authority, DEX’s operate on a blockchain and enable peer-to-peer trading of cryptocurrencies. This is the primary difference between centralized and decentralized exchanges, but there are also many more:

Anonymity: Decentralized exchanges grant their users full anonymity, while centralized exchanges generally need to comply with KYC (know your customer) and AML (anti-money laundering) laws. 

Control of Funds: At centralized exchanges, users must trust their money to a third party. Their crypto funds are held by the centralized exchange, not the user. With decentralized exchanges, the user controls their funds as they make transactions directly from their personal wallets.

Hacks & Server Downtime: Centralized exchanges can be hacked and have downtime because they have central points of failure for hackers to target. Decentralized exchanges are impossible to hack because all participants are servers and if someone is hacked, the DEX will not notice and continue running. 

Open Source: A true decentralized exchange is completely open source so that anyone can open its code and see the algorithms and technologies it uses. With centralized exchanges, everything is privately owned and the user cannot identify what algorithms are being ran or technologies being used. 


Biswap: what it is and how it works | Review

28 Aug 2021 3 minute read 0 comments biricash

BISWAP is a decentralized exchange (DEX) built on the Binance Smart Chain that allows you to instantly trade tokens and earn by staking cryptocurrencies and offering liquidity to exchange pairs. At the time of writing Biswap offers percentages over 6...

Competition is Heating Up in DEX Aggregation

28 Aug 2021 3 minute read 4 comments paragism

The meteoric rise of cryptocurrencies post-pandemic has been really phenomenal. The trade volume has increased exponentially, and many retail and institutional investors have jumped into it. The market behaviour has also changed significantly. Previo...

DEX cum Yield Farming, and innovative NFT platform in the making

27 Aug 2021 1 minute read 0 comments Ravthijo

What is ButterSwap ? ButterSwap is the leading Automatic Market Making (AMM) DEX, Yield Farming, and innovative NFT platform. ButterSwap is dedicated to combine liquidity mining and NFT gaming concepts in blockchain, and provide a one stop DeFi plat...

DeFinance – The New DeFi Platform Arrives To Conquer The Crypto Markets

27 Aug 2021 2 minute read 0 comments DefinanceApp

    In 2017, we saw the massive explosion of Decentralized Finance (Defi), rising from $2.1 million to a whopping $6.9 billion. With the increasing tradable tokens among several decentralized platforms, the market has surged to $48 billion despite t...

Orca DEX - ethos, first governance vote, and native collectibles

24 Aug 2021 2 minute read 0 comments CryptoPlankton

A few days ago I wrote a short review, here, of a wee DEX I'd found on the Solana ecosystem, called Orca. There were lots of features to love on Orca, which I covered in my previous review, but today I am going to talk more about ethos.Today the cryp...

Leonicorn Swap - latest news, upcoming staking and LEON token launch.

24 Aug 2021 4 minute read 0 comments CryptoPlankton

HeadlinesA lot has happened in the world of Leonicorn since I last posted, but it seems something new happens every day with Leonicorn Swap. There is a lot to cover so I will start with the headlines– Single token staking on native platform – launch...

Introduction to the way of FATExDAO

22 Aug 2021 1 minute read 0 comments FATExDAO

Each society in human history has failed to prevent overcharging for basic human needs: home, education, health, and food. The concept of “indentured” has not changed; inefficiencies & a sense of “unfair” prevail. Good work is rarely awarded without...

How to buy PUNCH?

21 Aug 2021 1 minute read 0 comments 0xPunchline

  Step 1: Open PancakeSwap via special link: PancakeSwap Click here to buy PUNCH on PancakeSwap You can also copy this link: https://exchange.pancakeswap.com/#/swap?outputCurrency=0x8f661a8698DCa0A0256b68C6E4fBF235bBFa6281 and paste it in your DApp...

SundaeSwap (Live Demo Key Take Aways, Latest ISO News, How to get SUNDAE Token)

20 Aug 2021 7 minute read 7 comments CryptoTjark

Intro Hey Humans,Just after the global news outlets acclaimed the death of Crypto again only a while ago, ADA just hit a new all time high of 2,54 $ (the last one being around 2,50 $). Cardano is the third biggest cryptocurrency by market cap, and th...

Yield Drag (Getting Mega Yield That's Not on Celsius, BlockFi, Coinbase or Gemini)

20 Aug 2021 2 minute read 2 comments AlucardLife

Instead of accepting shit yield from places like Celsius and Gemini while risking your entire stack, here's a trick you can use to get the yield they get to pay you your pittance. I call it "yield drag" because it plays off of the way that swaps conn...