The State of Ethereum Dexes: Open and Trustless Wins the Race
thedefiant.substack.com
Hello Defiers! Decentralized exchanges are the driving force behind DeFi and Ethereum itself, powering the most basic building block, the starting point needed for all other more complicated actions: facilitating the buying and selling of tokens. Dexes have made the cypherpunk dream of a censorless, parallel financial network, actually possible, by enabling people, all over the world, to exchange value, instantly, with minimum fees, across borders. All thats’ needed is a blockchain address and internet connection. In the past two years, Ethereum Dexes have had explosive growth, as innovations such as liquidity pools and simplified interfaces have made them more accessible and easier to use than most centralized exchanges.
The State of Ethereum Dexes: Open and Trustless Wins the Race
The State of Ethereum Dexes: Open and…
The State of Ethereum Dexes: Open and Trustless Wins the Race
Hello Defiers! Decentralized exchanges are the driving force behind DeFi and Ethereum itself, powering the most basic building block, the starting point needed for all other more complicated actions: facilitating the buying and selling of tokens. Dexes have made the cypherpunk dream of a censorless, parallel financial network, actually possible, by enabling people, all over the world, to exchange value, instantly, with minimum fees, across borders. All thats’ needed is a blockchain address and internet connection. In the past two years, Ethereum Dexes have had explosive growth, as innovations such as liquidity pools and simplified interfaces have made them more accessible and easier to use than most centralized exchanges.