-
ARS 1,067.20 (+0.65%) -
ETH 3,168.28 (-4.30%) -
BTC 62,300.01 (-2.38%) -
SOL 134.97 (-5.48%) -
ETHFI 4.31 (-1.12%) -
PEPE <0.01 (-8.25%) -
XRP 0.50 (-3.43%) -
ENA 0.79 (-6.86%) -
DOGE 0.14 (-5.54%) -
NEAR 6.88 (-5.90%) -
GLM 0.53 (+12.41%) -
WIF 2.66 (-3.47%) -
BONK <0.01 (-7.67%) -
OP 2.48 (-7.57%) -
BOME <0.01 (-5.63%) -
RUNE 4.97 (-4.55%) -
AVAX 33.11 (-4.80%) -
ETC 27.27 (-7.18%) -
FLOKI <0.01 (-7.94%) -
AR 36.11 (+0.53%) -
WLD 4.61 (-6.19%) -
LTC 83.07 (-2.25%) -
TRX 0.12 (-1.70%) -
ATA 0.25 (+2.76%) -
GALA 0.04 (-8.40%) -
SEI 0.61 (-1.91%) -
MATIC 0.70 (-4.62%)
The Rise of DEX Blockchain What You Need to Know
Published: 2023-04-27
Decentralized exchanges (DEX) have gained massive popularity in the blockchain industry in recent years. The rise of DEXs has offered a solution to the problems associated with centralized exchanges. In this article, we'll cover the essential aspects of DEX blockchain.
Main topics - Definition and explanation of DEX - Advantages of DEX over centralized exchanges - How DEX uses smart contract technology - Examples of popular DEX platforms - Challenges facing DEX blockchain
Definition and explanation of DEX Decentralized exchanges operate independently of a central authority or intermediary, and they allow peer-to-peer cryptocurrency trading through a trustless, automated system. DEX operates directly on a blockchain network and utilizes smart contract technology for trading activities.
Advantages of DEX over centralized exchanges A decentralized exchange offers several advantages over centralized exchanges, which includes security, privacy, and no need for personal ID. In addition, the absence of an intermediary also means a reduction in transaction fees associated with centralized exchanges.
How DEX uses smart contract technology Smart contracts allow DEX to automate transactions and the transfer of assets. These contracts eliminate the need for a centralized authority to facilitate trades, ensuring that trading activities on the platform are transparent and tamper-proof.
Examples of popular DEX platforms Some popular DEX platforms include Uniswap, Curve, and PancakeSwap. These exchanges operate on the Ethereum and Binance Smart Chain networks, and their popularity continues to grow due to their features and security.
Challenges facing DEX blockchain The main challenge facing DEX blockchain is liquidity. Liquidity is the funds available for trading on a platform, and since DEX lacks the large market share of centralized exchanges, it can be difficult to achieve adequate liquidity levels.
Conclusion The advent of DEX blockchain has brought about a shift in the crypto industry, offering users various benefits over centralized exchanges. However, the challenges facing DEX blockchain may slow its growth, and more work is needed to ensure robust liquidity and use for DEX platforms.
Written by AI (Artificial Intelligence)
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,067.20 | 1,346,722,249.10 |
| 2 | ETH |
3,168.28 | 1,301,762,141.65 |
| 3 | BTC |
62,300.01 | 1,288,032,731.19 |
| 4 | SOL |
134.97 | 419,164,829.59 |
| 5 | ETHFI |
4.31 | 260,880,899.24 |
| 6 | PEPE |
<0.01 | 235,875,605.79 |
| 7 | XRP |
0.50 | 142,062,555.76 |
| 8 | ENA |
0.79 | 127,891,122.03 |
| 9 | DOGE |
0.14 | 122,639,093.21 |
| 10 | NEAR |
6.88 | 91,827,101.21 |
| 11 | GLM |
0.53 | 90,525,949.18 |
| 12 | WIF |
2.66 | 89,603,761.28 |
| 13 | BONK |
<0.01 | 86,262,534.87 |
| 14 | OP |
2.48 | 83,937,176.60 |
| 15 | BOME |
<0.01 | 69,556,374.65 |
| 16 | RUNE |
4.97 | 51,522,658.24 |
| 17 | AVAX |
33.11 | 48,145,372.04 |
| 18 | ETC |
27.27 | 46,328,908.58 |
| 19 | FLOKI |
<0.01 | 39,843,247.69 |
| 20 | AR |
36.11 | 39,811,623.17 |
| 21 | WLD |
4.61 | 39,643,493.07 |
| 22 | LTC |
83.07 | 39,521,210.29 |
| 23 | TRX |
0.12 | 38,963,560.37 |
| 24 | ATA |
0.25 | 38,440,598.78 |
| 25 | GALA |
0.04 | 36,555,569.97 |
| 26 | SEI |
0.61 | 36,308,236.13 |
| 27 | MATIC |
0.70 | 35,939,921.44 |
Coins with rapidly rising prices
(Update every 1 minute)
OAX
WAVES
MLN
ASR
ORN
LDO
OOKI
AKRO
COMBOThe price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  COS |
0.02 | -22.46 |
| 2 |  GAL |
3.57 | -21.61 |
| 3 |  LEVER |
<0.01 | -11.91 |
| 4 |  DYM |
3.43 | -9.65 |
| 5 |  SAGA |
3.51 | -9.51 |
| 6 |  NULS |
0.60 | -9.13 |
| 7 |  VITE |
0.02 | -8.96 |
| 8 |  PEOPLE |
0.02 | -8.89 |
| 9 |  CFX |
0.22 | -8.63 |
| 10 |  OGN |
0.14 | -8.61 |
| 11 | GALA |
0.04 | -8.40 |
| 12 |  TRU |
0.11 | -8.39 |
| 13 |  ACE |
5.13 | -8.38 |
| 14 | PEPE |
<0.01 | -8.25 |
| 15 |  POLYX |
0.37 | -8.24 |
| 16 |  PENDLE |
5.18 | -8.22 |
| 17 |  ARKM |
1.96 | -8.19 |
| 18 |  MAGIC |
0.76 | -8.16 |
| 19 |  IRIS |
0.03 | -8.05 |
| 20 |  TNSR |
0.84 | -7.97 |
| 21 | FLOKI |
<0.01 | -7.94 |
| 22 |  ONE |
0.02 | -7.94 |
| 23 |  ELF |
0.59 | -7.92 |
| 24 |  BEL |
0.84 | -7.88 |
| 25 |  CHR |
0.30 | -7.77 |
| 26 |  MEME |
0.03 | -7.75 |
| 27 |  REN |
0.06 | -7.75 |
| 28 |  FLM |
0.09 | -7.70 |
| 29 | BONK |
<0.01 | -7.67 |
| 30 |  HIFI |
0.78 | -7.65 |
Bitcoin's Greed and Fear Index.
?67
Greed
Global CryptoCurrency News
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | Employment Cost Index q/q | Tuesday | 30-04-2024 | 13:30 |
| 2 | S&P/CS Composite-20 HPI y/y | Tuesday | 30-04-2024 | 14:00 |
| 3 | HPI m/m | Tuesday | 30-04-2024 | 14:00 |
| 4 | Chicago PMI | Tuesday | 30-04-2024 | 14:45 |
| 5 | CB Consumer Confidence | Tuesday | 30-04-2024 | 15:00 |
| 6 | ADP Non-Farm Employment Change | Wednesday | 01-05-2024 | 13:15 |
| 7 | Final Manufacturing PMI | Wednesday | 01-05-2024 | 14:45 |
| 8 | ISM Manufacturing PMI | Wednesday | 01-05-2024 | 15:00 |
| 9 | JOLTS Job Openings | Wednesday | 01-05-2024 | 15:00 |
| 10 | ISM Manufacturing Prices | Wednesday | 01-05-2024 | 15:00 |
| 11 | Construction Spending m/m | Wednesday | 01-05-2024 | 15:00 |
| 12 | Wards Total Vehicle Sales | Wednesday | 01-05-2024 | 15:15 |
| 13 | Crude Oil Inventories | Wednesday | 01-05-2024 | 15:30 |
| 14 | Federal Funds Rate | Wednesday | 01-05-2024 | 19:00 |
| 15 | FOMC Statement | Wednesday | 01-05-2024 | 19:00 |
| 16 | FOMC Press Conference | Wednesday | 01-05-2024 | 19:30 |
| 17 | Challenger Job Cuts y/y | Thursday | 02-05-2024 | 12:30 |
| 18 | Unemployment Claims | Thursday | 02-05-2024 | 13:30 |
| 19 | Prelim Nonfarm Productivity q/q | Thursday | 02-05-2024 | 13:30 |
| 20 | Prelim Unit Labor Costs q/q | Thursday | 02-05-2024 | 13:30 |
| 21 | Trade Balance | Thursday | 02-05-2024 | 13:30 |
| 22 | Factory Orders m/m | Thursday | 02-05-2024 | 15:00 |
| 23 | Natural Gas Storage | Thursday | 02-05-2024 | 15:30 |
| 24 | Average Hourly Earnings m/m | Friday | 03-05-2024 | 13:30 |
| 25 | Non-Farm Employment Change | Friday | 03-05-2024 | 13:30 |
| 26 | Unemployment Rate | Friday | 03-05-2024 | 13:30 |
| 27 | Final Services PMI | Friday | 03-05-2024 | 14:45 |
| 28 | ISM Services PMI | Friday | 03-05-2024 | 15:00 |
| 29 | FOMC Member Williams Speaks | Saturday | 04-05-2024 | 00:45 |
