Decentralized exchanges (DEX) allow its users to exchange with other peers directly, without needing to trust an intermediary or each other. Unlike its centralized counterparts, users do not need to give up custody of their cryptocurrency or digital asset to a third party. Due to the fact that fiat currencies require a trusted central party to record account balances, no DEX can trade between a cryptocurrency and fiat currency.

Decentralized Exchange - New Era of Trading
As technology keeps evolving and will soon be smart enough to work on its own, traditional ways of interacting with each other are becoming old, slow, and less trustworthy.
Crypto Market Consolidation and Key Trends in Q2 2023
Q2 2023 saw a slight 0.14% increase in the crypto market, with Bitcoin (BTC) and Ethereum (ETH) rising by 6.9% and 6.0% respectively.
CoinMarketCap Crypto Report: Top 20 Exchanges Mark a 36% Drop in Spot Trade Volume from Previous Quarter
In the first half of 2023, the cryptocurrency market has seen significant shifts in exchange activities, according to a comprehensive analysis by CoinMarketCap.
Uniswap to Launch on Polygon's zkEVM
Decentralized exchange Uniswap is set to launch on the Ethereum scaling solution provider Polygon's zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up. The proposal has already passed the 40 million vote threshold required for approval, with 100% of addresses voting in favor.
USDC Holders Panic Sell Amid Solvency Concerns
On March 10, concerns about the solvency of USD Coin (USDC) led several holders to panic sell their holdings and switch to other stablecoins. One user lost over 2 million USDC in a failed attempt to exchange them for Tether (USDT) using KyberSwap's decentralized exchange aggregator. Tron founder Justin Sun reportedly withdrew 82 million USDC and exchanged them for Dai (DAI) using Aave v2, while IOSG Ventures sold 118.73 million USDC for 105.67 million USDT and 2,756 Ether (ETH). The USDC price has since slowly recovered, and Circle, the company behind USDC, disclosed holding $3.3 billion at the Silicon Valley Bank.
Hedera Mainnet Exploited, Leading to Theft of Liquidity Pool Tokens
Hedera Hashgraph has confirmed a smart contract exploit on its mainnet, resulting in the theft of liquidity pool tokens from decentralized exchanges (DEXs) that use code derived from Uniswap v2 on Ethereum. The suspicious activity was detected when the attacker attempted to move the stolen tokens across the Hashport bridge, leading operators to temporarily pause the bridge. The exact amount of tokens stolen is unknown, and the Hedera team is working on a solution to remove the vulnerability.
Mango Labs Sues Avraham Eisenberg for $47 Million
Mango Labs, the firm behind Mango Markets, has sued exploiter Avraham Eisenberg. The Jan. 25 complaint says Einseberg misused its platform for millions of dollars in cryptocurrency in 2022.
Sushiswap Co-Founder 0xmaki Steps Down from Project Lead as DEX Exchange Begins New Chapter
Sushiswap Co-Founder 0xmaki has stepped down as project lead when the decentralized exchange struggles to navigate challenges of scams.
What Is Apeswap.Finance? Complete Guide to New Decentralized Exchange
Apeswap offers new and exciting ways for DeFi users to create wealth as a vibrant ecosystem. The platform provides various services, including seamless payment solutions, lending, derivatives, staking, tokenized assets, alternative savings.
1INCH Hits a New All-Time High
1inch, a decentralized exchange (DEX) aggregator, today announced that 1inch Network aggregated liquidity of MDEX on Binance Smart Chain (BSC).

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