Overview of Decentralized Finance (DeFi) Exchange Platforms
The rise of DeFi has caused a major disruption in the financial realm, turning conventional ways of trading and investing on their head and introducing innovative new pathways for making financial moves. These new DeFi exchange platforms, or DEXs, offer a unique experience unlike any seen before in the realm of finance. DEXs deliver a fresh approach to trading financial assets with added layers of security and transparency that come from operating on the blockchain. This article will provide a comprehensive explanation of DeFi exchange platforms, their characteristics, advantages, and the current state of the DeFi industry.Decentralized trading platforms do not rely on intermediaries or central authorities to manage transactions and assets, unlike traditional centralized trading platfo...