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Monday，November 7th
Uncovering Defi fundamentals: decentralized Exchanges — #binace-reseach
(1).Decentralized exchanges (“DEXes”) are a cornerstone of decentralized finance (“DeFi”) and are one of the most widely used decentralized applications (“dApps”) today.
Uncovering Defi fundamentals: decentralized Exchanges — #binace-reseach
(1).Decentralized exchanges (“DEXes”) are a cornerstone of decentralized finance (“DeFi”) and are one of the most widely used decentralized applications (“dApps”) today.
DEXes facilitate trading of crypto assets without the need for an intermediary by employing smart contracts to settle transactions. Using Ethereum gas consumption as a gauge of transaction activity, DEXes account for the largest share of gas consumed on the Ethereum blockchain in
the first half of 2022.
(2)DEXes recorded slightly over US$714B in trading volume year-to-date as of end-July 2022. Monthly trading volume has generally been on a downtrend since the start of the year as crypto market activity fell.
(2)DEXes recorded slightly over US$714B in trading volume year-to-date as of end-July 2022. Monthly trading volume has generally been on a downtrend since the start of the year as crypto market activity fell.
