DEX

DEX (Decentralized Exchange) is a platform for trading digital assets that operates on blockchain without intermediaries. Unlike centralized exchanges (CEX), DEX relies on smart contracts to automate transactions, enabling direct peer-to-peer trading. The main advantages of DEX include transparency, the elimination of third-party trust requirements, and enhanced security, as users retain full control over their assets. These exchanges can function using automated market makers (AMM) or order books, ensuring liquidity and efficient trading mechanisms.