DEX
Discover Decentralized Exchanges (DEXs): trade crypto directly from your wallet.
Top gainers this week
Top losers this week
$DRV · 5 days on top this week
$ARC +188 places this week
$GAMMA -156 places this week
Up 147 places this week, $NILE is gaining ground
$OTC · 5 gem score this week
A standout this week: $DRV reached a gem score of 80
172 tokens rose and 170 fell this week
$RHEA climbed 152 places this month
@EnaGovernance+2•17$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.
@radkoGovernance+3•16Can't wait for $BUIDL to actively trade on Uniswap $UNI
Frequently asked questions
How has DEX performed recently?
The DEX category saw varied activity across different timeframes. Over the last seven days, there were more tokens declining (230) than rising (111). Synthswap Perps (SYNTH), Treble V2 (TREB), Befi Labs (BEFI), Bao Masterchef V1 (BAO), and Superp ($SUP) were the top climbers. Conversely, Zyberswap V3 (ZYB), SpartaDex (SPARTA), Gamma (GAMMA), Gravity Finance (GFI), and SolidLizard Dex (SLIZ) were among the biggest fallers. Derive (DRV) recorded the highest score, while OTC had the lowest. Derive (DRV) also led in streak duration, holding its position for 3 days. Uniswap (UNI) on BNB Smart Chain was a new entrant to the top K, with Uniswap (UNI) on PulseChain exiting. Looking at the last thirty days, the market breadth was more balanced with 171 tokens down and 170 up. Dexalot Portfolio (ALOT), Rhea (RHEA), SushiToken (PoS) (SUSHI), Portal To Bitcoin (PTB), and Injective Protocol (INJ) showed significant gains. SolidLizard Dex (SLIZ), Arc Swap (ARC), Gamma (GAMMA), SpartaDex (SPARTA), and HurricaneSwap (HCT) experienced the largest declines. Uniswap (PoS) (UNI) had the highest score, while Umbrae One (U1) had the lowest. Derive (DRV) maintained its 3-day streak as the leader. Uniswap (UNI) on BNB Smart Chain and Derive (DRV) entered the top K, while Uniswap V4 (UNI) and PulseX (PLSX) exited.
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.