The decentralized exchange (DEX) market share has surged to 25%, indicating a shift towards decentralized, code-driven infrastructure.
DEXs serve as core components of interconnected blockchain ecosystems, allowing users to engage in various financial activities within a single transaction.
DEXs enable permissionless innovation, allowing users to create and trade tokens without the barriers often imposed by centralized exchanges (CEXs).
Cross-chain interoperability is a key strength of DEXs, with protocols like THORChain and LayerZero processing billions in cross-chain trades, positioning DEXs as a global liquidity hub.