DEX
Discover Decentralized Exchanges (DEXs): trade crypto directly from your wallet.
Top gainers this week
Top losers this week
$SPARTA -138 places this week
$URUS fell 133 places this week
$RAM fell 120 places this week
Weakest this week: $AERO bottomed out at a 0 gem score
A standout this week: $DRV reached a gem score of 80
225 tokens rose and 125 fell this week
$DARK climbed 187 places this month
$VELO fell 182 places this month
@andrewsaul.solGovernance+1•34$ORCA we need some more features on your launchpad Wavebreak
- let the token creator post updates on the token page- let the token creator set up LP farm rewards from the token page and let people search for farm rewards on the token search page
Also: Can you please bring back the vanilla token creator? Being able to just create a token by itself (i.e., not forced into a LP on creation) gave us a lot of flexiblity to pick interesting LP pairs (like ORCA or xORCA..) and run rewards programs (LP farms, bounties etc...).
@sociallyartfulGovernance+1•32$ORCA we would love to see these updates for Wavebreak (your token lauchpad)
- Let us pair tokens with xORCA. It's a yield bearing token so the LP would have underlying yield.
- holding different levels xORCA should unlock extra features
- When we create a token, give us the option to create an LP farm and allocate part of the token mint to farm rewards.
@EnaGovernance+2•17$RAY token's narrative centers on an ordinary guy named Ray who just wanted a peaceful retirement but got featured on BBC and now eyeing Oscars.
Frequently asked questions
How has DEX performed recently?
The DEX category has seen a mixed but generally upward trend in the past 7 days, with 224 tokens experiencing an increase in score compared to 125 that saw a decrease. Nile Legacy (NILE) led the climbers over this period with a 111 rank delta and a 129.5% score increase, followed by MyTrade (MYT) with a 104 rank delta and a 190.1% score increase. Conversely, SpartaDex (SPARTA) was among the top fallers with a -137 rank delta and a -60.2% score decrease. Over the 30-day window, the upward trend continued, with 209 tokens seeing an increase in score versus 140 decreasing. DarkSwap (DARK) was a significant climber over 30 days, boasting a 186 rank delta and a 200.6% score increase, while Velodrome (VELO) was a notable faller with a -182 rank delta and a -49.5% score decrease. Derive (DRV) held the maximum score in both the 7-day (80.2524) and 30-day (80.6044) windows. UNI, represented by Uniswap, entered the top K in the 30-day window.
What is a Decentralized Exchange (DEX)?
A Decentralized Exchange (DEX) is a peer-to-peer marketplace where cryptocurrency traders can transact directly without the need for an intermediary. Transactions on a DEX are often facilitated by smart contracts on a blockchain.
How do Decentralized Exchanges (DEXs) work?
DEXs operate on blockchain technology, utilizing smart contracts to automate trading, order matching, and settlement. Users retain custody of their funds in their own wallets throughout the trading process, unlike centralized exchanges.
What are the advantages of using a DEX?
Advantages of using a DEX include enhanced security due to user control of private keys, increased privacy as typically no KYC is required, and access to a wider range of tokens, especially newer or smaller projects.
What are the potential disadvantages of using a DEX?
Potential disadvantages of DEXs can include lower liquidity compared to centralized exchanges, higher transaction fees (gas fees) depending on network congestion, and a steeper learning curve for new users unfamiliar with self-custody and blockchain interactions.
What is a DEX Aggregator?
A DEX Aggregator is a platform that pulls liquidity from multiple Decentralized Exchanges to find the best possible price for a trade. It aims to optimize routing for token swaps, potentially reducing slippage and gas costs for users.