Anyone who is into ethereum and DeFi probably knows what Uniswap is by now.
I've heard of Kyber and Ox but I never really used them.
I read the name Balancer somewhere but I didn't know it's an exchange. The same with curve finance, I thought it's a lending platform.
Decentralized exchanges (DEXEs) are getting popularity among the crypto communities.
This is only because of the DeFi hype and Uniswap. Dexes have long existed but none of them were able to pull in enough traders.
It reduces the risk of theft from hacking of exchanges! With optimized usability, deeper liquidity, and emerging composability, the DEX ecosystem is supposed as strong as ever. Let's see the top five DEXEs-
The deeper liquidity by Uniswap certainly attracts a lot of token traders but there are many users who don't really understand how it really works for sure. I still read the same issue about Dexes being complicated to use.