Glossary Term
DEX
Decentralized Exchange - a platform for trading cryptocurrencies without a central authority.
Beginner
DeFi
Crypto Terminology
DEX: what is it?
Examples
- 1
Uniswap: An Ethereum-based DEX using automated market makers
- 2
Jupiter: A popular DEX aggregator on Solana
- 3
dYdX: A DEX focused on perpetual contracts and derivatives
Common Use Cases
Trading cryptocurrencies without KYC requirements
Maintaining custody of your assets during trades
Accessing new tokens not yet listed on centralized exchanges
Participating in decentralized finance (DeFi) ecosystems
Pro Tips
💡
Always check liquidity depth before making large trades
💡
Use DEX aggregators to find the best rates across multiple platforms
💡
Be aware of gas fees on Ethereum-based DEXs