Tag

#dex

2 stories and guides tagged dex.

Is On-Chain Liquidity Quietly Reshaping Market Structure?

Spot and derivatives volume is drifting on-chain as order-book DEXs and better execution close the gap with exchanges. The shift changes where price is discovered and where risk concentrates.

Dan Reyes

Jul 5, 2026 · 4 min read

DeFi5w ago

How Do Automated Market Makers Work? DEXs Explained

A plain-English guide to how decentralized exchanges price trades without order books, using constant-product formulas, liquidity pools, and arbitrage.

Sofia Lindqvist

Jun 3, 2026 · 7 min read