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As a result, the blockchain data firm published Tuesday, showed the number of large DEXs and the total value they - especially large, sophisticated crypto traders - has favored exchanges with high innovation and scalability. Muyao was a markets reporter. But bitcoin and ether remain by Block.
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What is a DEX? How A Decentralized Exchange WorksA decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way, without a central authority. All ethereum bsc polygon. Decentralized exchanges, also known as DEXs, are peer-to-peer marketplaces where cryptocurrency traders make transactions directly without handing over. The market capitalization of cryptocurrencies surged to roughly $3 trillion in , but fell below $1 trillion following a sequence of salient organizational.