Decentralized Exchange (DEX)

A blockchain exchange, also known as a decentralized exchange (DEX), is a digital marketplace that facilitates peer-to-peer transactions of cryptocurrencies and other digital assets. Unlike traditional centralized exchanges that rely on a third-party intermediary to hold and manage user funds, blockchain exchanges allow users to maintain control of their assets through the use of smart contracts and decentralized ledger technology. This provides greater security, transparency, and autonomy for traders, while also reducing the risks of hacking and fraud. Popular blockchain exchanges include Uniswap, Sushiswap, and PancakeSwap.