Decentralized Exchanges are cryptocurrency exchange applications that are decentralized. In other words, it deals without the need for intermediaries, as seen in Centralized Exchanges. DEX Users are in charge of their assets and transactions run on the platform. Decentralized Exchange (DEX) Tokens have a total market capitalization of $11,204,028,711 and a trading volume of $1,242,178,391.
Note: This List is sorted by their market capitalization from lowest to highest
Bancor (BNT)
- Price Unit: $0.3883
- Market Cap: $77,027,419
- Distinct Features: Bancor is a decentralized autonomous organization (Bancor DAO) that is owned by its community.
The only decentralized staking mechanism that offers complete protection from temporary loss and single-token risk is Bancor.
Traders can supply liquidity for the network’s pools by using the protocol’s token. Liquidity can be added to the pools by anyone.
A pool’s liquidity providers are entitled to fees for trades that go through the pool when they offer liquidity to it. The pool tokens that reflect the liquidity providers’ proportionate share of the pool’s fees, liquidity, and mining rewards will be given to them.
Exchange: BNT is currently trading live on Binance, CoinW, MEXC, Bitrue, and OKX.
Hashflow (HFT)
- Price Unit: $0.5399
- Market Cap: $88,267,849
- Distinct Features: You get the best value for your money on every trade thanks to commission-free trading and execution of all price quotes at the displayed price.
Hashflow is a decentralized exchange built for interoperability, zero slippage, and MEV-protected trades. By connecting your wallet, you can instantly trade any asset on any chain.
Hashflow offers fully native cross-chain swap functionality without the use of bridges or synthetic assets, allowing seamless trading across one or more chains with guaranteed price execution.
Market Makers are no longer restricted to stable coins or blue chip assets when using Hashflow’s RFQ model for pricing assets. As a result, Hashflow can now provide seamless trading of goods (such as options and ETFs) that were previously impractical in DeFi.
Exchange: HFT is currently trading live on Binance, CoinW, MEXC, Bitrue, and Bybit.
0x (ZRX)
- Price Unit: $0.194439
- Market Cap: $164,785,865
- Distinct Features: 0x Integrates support for fungible (ERC20) and non-fungible (ERC-723) tokens, unlike other Ethereum decentralized exchange protocols. This means it may be used for the permissionless trading of a wide variety of assets.
Without relying on centralized intermediaries like conventional cryptocurrency exchanges, users may effortlessly trade ERC20 tokens and other assets on the Ethereum blockchain thanks to the 0x infrastructure protocol.
By combining a number of open-source, publicly auditable smart contracts, 0x is able to create a flexible, low-friction trading protocol that product developers can easily incorporate into their creations.
ZRX tokens are used to pay nodes that run an off-chain order book, provide user-facing applications that display this data and let users create, fill out, and cancel transactions (as trading fees). ZRX can also be used by holders to suggest and vote on protocol improvements as part of platform governance.
Exchange: ZRX is currently trading live on Binance, CoinW, MEXC, Bitrue, and OKX.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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