DEX
Discover Decentralized Exchanges (DEXs): trade crypto directly from your wallet.
Top gainers this week
Top losers this week
$BAO fell 174 places this week
Up 140 places this week, $RHEA is gaining ground
$BEFI +139 places this week
Weakest this week: $SPARK bottomed out at a 5 gem score
$UNI hit a gem score of 81 this week
$UNI slipped from the category leaders this week
163 tokens rose and 173 fell this week
Up 201 places this month, $Base is gaining ground
@EnaGovernance+2โข16$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.
@radkoGovernance+3โข16Can't wait for $BUIDL to actively trade on Uniswap $UNI
Frequently asked questions
How has DEX performed recently?
The DEX category has seen more tokens advance than decline over both the 7-day and 30-day windows, with 198 tokens up and 134 down in the last seven days, and 245 up against 87 down over the last thirty days. Over the past seven days, Perlin (PERL) saw a significant rank delta of 179, while Bao Masterchef V1 (BAO) and Rhea (RHEA) also climbed, with rank deltas of 145 and 137 respectively. Derive (DRV) recorded the highest score at 80.1529, and was also a top entrant. Conversely, UniFi (UNFI) and CreamSwap (CREAM) were among the biggest fallers, with rank deltas of -141 and -99. Over the 30-day period, several tokens like SwapBased Concentrated Liquidity (Base), Pangolin (PNG), and Pharaoh (PHAR) were strong climbers. PulseX (PLSX) had the highest 30-day score at 81.6081, but was also noted as a top exit along with Raydium (RAY) and Peapods Finance (PEAS). Aldrin (RIN) and Lifinity V2 (LFNTY) were among the tokens that experienced declines over the longer 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.