+5 Etherium DEX Projects You Should Learn

Decentralized exchanges (or DEX) are peer-to-peer marketplaces that facilitate direct trade between parties. DEXs are part of the broader ecosystem of Ethereum, which enables them to run on the blockchain. 

They are different from traditional exchanges in that they don’t require customers to open accounts and deposit their funds with a middleman. Instead, they allow users to trade directly from their own wallets.

 An easy way to understand a decentralized exchange (DEX) is to imagine a Craigslist listing where buyers and sellers make their own deals, without oversight, in order to exchange goods or services. 

This peer-to-peer method of trading may sound risky, but thanks to smart contracts on the blockchain, transactions occur directly between two parties without the need for a middleman.

Pancakeswap

PancakeSwap is a decentralized exchange built on the Binance Chain. Such pools are filled with users’ funds. It offers an in-depth analysis tool, completely decentralized and transparent trading with no sign-ups required. There are no operation expenses for users, therefore the only fees paid are for using the liquidity pool.

Trader Joe

Trader Joe is your one-stop decentralized trading platform on the Avalanche network, combining DeFi services with order routing to major decentralized exchanges for leveraged trading. Our products are community driven, which allows us to give fees collected from liquidation and swaps back to users via our JOE/xJOE stacking mechanism.

Related Articles: Solana Dex Project, Ethereum Defi, Ethereum Dapps

Curve Fi

Curve is a protocol that lets everyone create liquid on-chain derivatives. Curve allows developers to bring their own trading strategies and products, so anything can be traded against ETH or BTC.

Curve is a fully on-chain, collateral-backed, high performance stablecoin. It delivers instant payments to anyone in the world via smartphone and smart contracts at low, fixed fees

0x

0x is a decentralized exchange protocol, allowing for ERC20 tokens to be exchanged on the Ethereum blockchain. The 0x protocol is used as a standard for exchanging tokens. The 0x team provides an off-chain solution for broadcasting orders and performing settlement, thereby massively reducing gas costs and eliminating blockchain bloat.

It serves as a building block that allows for a wide range of decentralized financial products, including exchange and payment services.

Kyber Network

Kyber Network (Kyber) is a decentralized exchange that allows for instant conversion between crypto-assets with guaranteed liquidity. With Kyber, users do not need to create accounts at individual token exchanges, deposit funds in advance or pay any trading fees. Instead, each transaction on Kyber occurs from one user to another, directly from their own wallet.

Kyber Network is an on-chain liquidity protocol that powers decentralized atomic swaps and trustless cross-chain exchange by allowing anyone to tap into a liquidity pool of tokens and instantly execute smart contracts in a secure and trustless manner.

Request

Request Network allows anyone to request a payment (a Request invoice). The request can be detected and paid in a decentralized way, without the need for a third party. Request provides an auditable trail for all transactions made on its blockchain.

The request can be detected and paid in a secure way, without the need to go through a third party. This means that you no longer need to rely on traditional institutions like banks or payment platforms like PayPal.

1inch

1inch helps users get the best rates on cryptocurrency trading through our DeFi toolkit for DexTrade. Our mission is to lower the barrier to entry for people interested in DeFi, by lowering their cognitive load and providing them with the best possible tools and network features so they can build secure connectors, applications, wallets and dApps that integrate with multiple wallets, exchanges or loan providers on our network.

It uses a combination of smart contracts and Lightning Network channels so trades settle in 2-10 seconds compared to the 30+ minutes of other decentralized exchanges.

Compound

Compound allows learners to interact with chemical elements and compounds in a hands-on way. By using real elements from the periodic table, users can engage in investigations using the relationships between atoms or practice incorrectly entering values into calculations.

Compound is a free, open-source web application that provides detailed information about chemical compounds in a fun and engaging way.

SushiSwap

Sushi is a community-driven platform that gives you access to all DeFi products and services in one place. With Sushi, you can easily manage your loans, bonds, and staking positions—all while learning more about the world of decentralized finance.

Sushi democratizes the use of DeFi products through a simple user experience that provides tutorials, documentation, and an active community to support your development needs.

Raydium

Raydium is a liquidity provider and automated market maker within the Serum Market, providing support to both new and existing projects looking to enter the decentralized exchange ecosystem. Raydium has first mover advantage as an automated market maker within Serum and it will be an integral part of bringing new and existing projects and protocols into the ecosystem.