Decentralized exchanges (DEXs) are often touted as exchanges of the future. Some of the benefits of decentralized exchanges are the absence of a third-party or intermediary, anonymity, potentially lower fees, and more. Some of the disadvantages of decentralized exchanges are the lack of liquidity and difficulty to use.
Let’s take a closer look at the decentralized exchange landscape to better understand the market leaders and trends. The data in this article was pulled at 11:30 PM EST on Oct. 22, 2018.