#dex

How to Compare DEXs on What Actually Matters

The swap fee is one number among five that matter. The licence in the repository, whether contracts can be changed after deployment, which chains are really claimed and whether audits name their auditors diverge far more sharply than the fee does.

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.

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.