What Is a Decentralized Exchange (DEX)? Why It Matters in the Future of Crypto Trading
Decentralized exchanges now sit at the center of crypto trading growth. CoinGecko tracks more than 1,172 DEX platforms, and their combined 24-hour trading volume stands near $4.57 billion. The market moved even faster in December 2024, when monthly DEX volume hit a record $462 billion. DEX tokens now hold a market cap of about $23.2…