DEX
Discover Decentralized Exchanges (DEXs): trade crypto directly from your wallet.
Top gainers this week
Top losers this week
$DRV Β· 7 days on top this week
$NILE fell 162 places this week
$ZYB climbed 157 places this week
Up 150 places this week, $GFI is gaining ground
A standout this week: $DRV reached a gem score of 81
209 tokens rose and 135 fell this week
$DACKIE +178 places this month
@EnaGovernance+2β’17$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+3β’17Can't wait for $BUIDL to actively trade on Uniswap $UNI
Frequently asked questions
How has DEX performed recently?
The DEX category has seen mixed activity. Over the last 7 days, more tokens were up (208) than down (134) in breadth. Saddle Finance (SDL) showed a notable rank jump of 109 with a score increase of 263.8%. Zyberswap V3 (ZYB) and Gravity Finance (GFI) also made significant climbs. However, Nile Legacy (NILE) experienced a sharp decline in rank by 161 with a score decrease of 60.5%, and GuacSwap (GUAC) fell by 134 in rank. Derive (DRV) was a strong performer, holding a 7-day streak and achieving the highest score of 80.6044. Looking at the 30-day window, breadth was evenly split with 171 tokens up and 171 down. DackieSwap V2 (DACKIE) led the climbers with a rank delta of 177 and a score increase of 174.8%. 1INCH Token (1INCH) and Rhea (RHEA) also saw substantial positive movement. GuacSwap (GUAC) continued its descent, dropping by 195 in rank with a nearly 50% score decrease, and Nile Legacy (NILE) again appeared as a significant faller. Derive (DRV) maintained its strong performance, extending its streak to 10 days, and was a top k entrant along with Uniswap (UNI). Uniswap (UNI) and PulseX (PLSX) were top k exits from the 30-day period. The highest score over 30 days was 80.8154 for Uniswap (PoS).
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.