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What Is A Decentralized Exchange (Dex)?
A decentralized exchange, also known as a DEX, is a peer-to-peer marketplace that enables transactions to be carried out without a centralized intermediary, like a bank or broker. Most DEXs are operated on the Ethereum blockchain. With the rise of decentralized finance (DeFi) DEXs have seen an explosion in usage. According to Coinbase, $217 billion...
