Exchanges

The Most Popular Decentralized Exchanges (DEXs) in 2023

There are a number of decentralized exchanges (DEXs) currently in operation, with more being developed all the time. Here are some of the most popular DEXs currently available:

1- Uniswap

Uniswap is an automated market maker (AMM) based DEX, it’s built on the Ethereum blockchain and it’s one of the most popular DEXs currently available. It allows users to trade a wide range of ERC-20 tokens and it’s known for its easy-to-use interface and fast trading.

2- Sushiswap

Just like Uniswap, Sushiswap is an AMM based DEX that is also built on the Ethereum blockchain, it’s a fork of Uniswap and it’s known for its community-driven development and its liquidity mining.

3- Binance DEX

Binance, one of the most well-known centralized exchanges, has also created its own DEX. Built on the Binance Chain, Binance DEX offers trading in a number of Binance Coin (BNB) trading pairs, it’s known for its high trading volume and fast trading speed.

4- 0x

0x is an open-source protocol for building DEXs, it allows users to trade ERC-20 tokens on the Ethereum blockchain. It’s known for its flexibility and its ability to support a wide range of trading strategies.

5- Kyber Network

Kyber Network is an on-chain liquidity protocol that allows for the instant exchange and conversion of digital assets. It’s built on the Ethereum blockchain and it’s known for its high liquidity, fast trading and its ability to support a wide range of trading pairs.

6- OceanEX

OceanEX is a DEX built on the VeChain blockchain, it’s known for its large number of trading pairs, its community-driven development, and its low trading fees.

7- Balancer

Balancer is a decentralized exchange that allows users to trade a wide range of assets, including cryptocurrencies, stablecoins, and non-fungible tokens (NFTs). It uses a unique liquidity pool system that allows for automated rebalancing and it offers low trading fees and high liquidity.

8- Curve

Curve is a decentralized exchange that specializes in stablecoin trading. It uses a unique liquidity pool system that allows for fast and efficient trading and it offers low trading fees and high liquidity.

9- IDEX

IDEX is a decentralized exchange that uses a hybrid model that combines off-chain order book and on-chain settlement. It’s built on the Ethereum blockchain and it allows for fast and efficient trading with low trading fees.

10- AirSwap

AirSwap is a decentralized exchange that uses a peer-to-peer trading model. It’s built on the Ethereum blockchain and it allows for fast and efficient trading with low trading fees.

11- StellarX

StellarX is a decentralized exchange that runs on the Stellar blockchain and allows users to trade a variety of assets including crypto, fiat currencies, and commodities. It’s known for its fast trading, low fees, and user-friendly interface.


These DEXs have different features, trading pairs, and fees, which might be more suitable for different types of traders and investors. As always, it’s important to do your own research and assess the risks before using any exchange.

M. Ali

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at nabil@wibbic.com

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