Decentralised exchanges oregon DEXs person often been touted arsenic the aboriginal of crypto exchanges. Although they don’t connection the benignant of liquidity associated with centralised platforms, DEXs are mostly permissionless and non-custodial. They besides connection added privacy, and from an investor’s constituent of view, they person grown immensely the past year. Here are immoderate highlights:
Data shows that the fig of DEXs has grown massively since 2019
Also, ample crypto transactions are increasing astatine a accelerated gait connected decentralised platforms
Leading DEXs are adding enactment for a wide scope of crypto assets, making them convenient for investors.
In lawsuit you’d similar to thrust the maturation of DEXs successful the adjacent and agelong term, past determination are 2 platforms and their autochthonal tokens you tin consider. Here they are:
AirSwap (AST) is simply a afloat decentralised speech built to connection peer-to-peer trading. The level enactment transactions successful a immense assortment of crypto assets with debased fees and faster speeds. AirSwap is besides noncustodial and uses modular RFQ and Last Look protocols to assistance powerfulness a immense peer-to-peer trading network.
Data Source: Tradingview.com
Its autochthonal AST token is utilized for level transactions and arsenic the governance token arsenic well. AirSwap is 1 of the astir promising DEX projects today. AST tokens were trading astatine $0.2936 astatine the clip of penning this post. AST besides had a marketplace headdress of $44 million, meaning the upside for maturation is precise high.
1Inch Exchange (1INCH)
1Inch.Exchange (1INCH) is much of a DEX aggregator and trading level that scans the full crypto marketplace to springiness you the champion trades with the lowest transaction fees. It is besides non-custodial and compatible with a wide scope of crypto assets and wallets.
1inch is the autochthonal governance token for the exchange, and astatine property time, it was selling astatine $2.48 with a marketplace headdress of astir $1 billion.