Decentralized exchanges are often viewed as an integral part of the crypto industry. Therefore, more and more DEXs have been launched on Ethereum and other blockchains over the years. But why are DEXs getting so much attention from investors? Here are some reasons:
UniSwap (UNI)
UniSwap (UNI) is the king of DEXs. It was actually one of the first such platforms to be built on top of Ethereum. Other DEXs have followed suit, but most are modeled after UniSwap's original concept.
For now, Uniswap remains the largest DEX on Ethereum. Also, it recorded a trading volume of nearly $51 billion in January, one of the highest in the market. If you are looking for a tried and tested DEX with a proven track record, Uniswap is just perfect.
dYdX (DYDX)
dYdX (DYDX) was developed for derivatives traders. It offers access to a wide range of perpetual contracts and futures on multiple crypto assets. It's also fast, secure and offers lower fees compared to many derivatives trading platforms out there. On average, the platform generates a daily trading volume of around USD 6.5 billion.
1inch network (1inch)
1Inch Network (1Inch) is a liquidity aggregator and DEX that offers users peer-to-peer crypto trading. It also provides the infrastructure needed for the global expansion of DeFi. The network provides cross-chain liquidity aggregation, making it easy for traders to buy and sell crypto assets with very minimal slippage fees.
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