A trading platform that runs entirely on smart contracts, letting users swap tokens directly from their own wallets without a company holding their funds. Trades settle on-chain and no signup is needed. Uniswap is the most widely used DEX, using automated market makers instead of an order book.
Web3 Basics
DEX (Decentralized Exchange)
Related terms in Web3 Basics
Web3
The vision of an internet built on public blockchains where users own their data, assets, and identity instead...
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Digital money secured by cryptography and recorded on a blockchain, allowing people to send value directly wit...
Token
A digital asset created and managed by a smart contract on an existing blockchain, rather than having its own ...