How many decentralized crypto exchanges are there?

We track 812 decentralized crypto exchanges with a total 24h trading volume of $26.5 Billion, a -16.36% change in the last 24 hours. Currently, the DeFi volume dominance is at 22.1%, and the 3 largest decentralized exchanges by volume are Thruster V3, BlasterSwap, and Uniswap V3 (Ethereum). USDB/0X430... USDB/0X430... WETH/0XA0B... TRUMP/SO11...

How do decentralized crypto exchanges work?

How Decentralized Crypto Exchanges Work DEXs charge users much lower fees than their centralized counterparts, but can be much more difficult to navigate and use. Decentralized crypto exchanges (DEXs) are blockchain -based apps that coordinate large-scale trading of crypto assets between many users.

Do you need a decentralized exchange to trade cryptocurrencies?

Crypto DEXs are ideal if you want to trade cryptocurrencies anonymously, meaning no reliance on centralized third parties. There’s no requirement to open an account either – simply connect a wallet and begin trading. What is the cheapest decentralized exchange?