Decentralized exchanges are the lifeblood of decentralized finance (DeFi), allocating billions of dollars worth in total value locked (TVL) into the industry.
Compared to centralized exchanges (CEXs), DEXs only account for a small percentage of the total trading volumes across margin and derivatives trading. However, they’re becoming increasingly more sophisticated with time. They provide some of the same benefits and features found within CEXs but also offer a trustless environment without third parties and some perks of their own.
In this article, we aim to provide comprehensive information on the top DEXs in 2024, covering key details about each protocol, including:
Key features and characteristics
Founders
Trading fees, critical detail for on-chain trading
Supported