DEX
Discover Decentralized Exchanges (DEXs): trade crypto directly from your wallet.
Top gainers this week
Top losers this week
$PERL -257 places this week
$CONV +159 places this week
$SMT +123 places this week
$DEXSCREENE ยท 3 gem score this week
A standout this week: $PLSX reached a gem score of 80
$PLSX slipped from the category leaders this week
147 tokens rose and 176 fell this week
$GRAIL climbed 206 places this month
@EnaGovernance+2โข16$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 shown mixed signals across different timeframes. Over the last 7 days, more tokens were down (176) than up (147). Convergence (CONV) and Swarm Markets (SMT) were among the top climbers, with significant rank improvements. Conversely, Perlin (PERL) and Bao Masterchef V1 (BAO) were notable fallers, experiencing substantial rank drops. PulseX (PLSX) achieved the highest score, while DEXSCREENE recorded the lowest. On a 30-day view, the sentiment shifted to a majority of tokens being up (236) compared to down (87). Camelot V3 (GRAIL) and Pangolin V2 (PNG) led the 30-day climbers, while Zeta (ZEX) and GooseFX V2 (GOFX) were among the top fallers. PulseX (PLSX) again registered the highest score, while Camelot V3 (GRAIL) had the lowest score. Both Uniswap tokens (UNI) on Arbitrum and Polygon emerged as top K entrants over the 30-day period. PulseX (PLSX) was a top K exit in both 7-day and 30-day windows.
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.