According to Dune Analytics, DEXs trading volume reached 1173 billion dollars in the last 12 months, which to me is an incredible number, considering also the overall terrible market conditions. There are also increased ways to buy crypto without going through a centralized platform, making DEXs easier to access. More users are starting to trust decentralized solutions more than CEXs (even though hacks are not rare also for popular platforms like Sushiswap) and I think this trend will increase in the future; exchanging value without a centralized authority as the middleman is the basic point of crypto after all.
Every DEX has its pros and cons, I personally appreciate Pancakeswap's user interface and I like how GMX projected its platform tokens.
Which DEXs do you prefer and why? Do their tokens make sense as an investment or would you just stick to using the platform?
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