Top Decentralized Exchange (DEX) Token tokens by market capitalization
Decentralized Exchange (DEX) Token contains 136 coins with a total market capitalization of $20.85B and an average price change of +3.73%. They are listed in size by market capitalization.
Trading on decentralized exchanges, also known as DEXs, is a permissionless process that does not require any intermediaries. As long as liquidity is provided, anyone can buy and sell tokens on the exchange. In addition to its governance role, DEX tokens often aim to benefit holders by directing a portion of transaction fees to stakers.
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FAQ
Is DEX a decentralized exchange?
A decentralized exchange, or DEX, operates on a decentralized platform and doesn't require a centralized authority to facilitate trades.
Is DEX part of DeFi?
In the DeFi ecosystem, there are various types of exchanges, including CEXs (centralized exchanges), DEXs, and DEX aggregators. All of these exchanges are constructed on a multi-layered architecture, where each layer has a specific role. You can refer to the diagram of the Multi-layered Architecture of the DeFi Stack to understand how these components work together.
Is DeFi and DEX the same?
Decentralized exchanges (DEXs) play a vital role in the world of decentralized finance (DeFi) and act as an essential building block for creating more advanced financial products through permissionless composability, hence being referred to as "money LEGO."