Top Decentralized Exchanges: A Look at the Numbers
Nowadays, there are plenty of platforms to choose from when it comes to buying, selling, and trading digital assets. However, most of these platforms are often centralized meaning they are ultimately controlled by a small group of people.
Some crypto enthusiasts have argued that this goes against one of the main tenets of blockchain technology, which is decentralization. This refers to a system whereby no single entity has control over a protocol but rather the platform is owned and governed by many different individuals. That way, the users themselves can vote on the way they want the platform to be run and not a single entity at the top.
Decentralized exchanges (DEXs) are now a possibility and have become increasingly popular over the past two years.
In this article, we take a look at the top decentralized exchanges on each blockchain and compare them by volume, number of coins, and number of visits per month.