
What Is a DEX? How Decentralized Exchanges Work
Three years ago, decentralized exchanges were a niche product for crypto-native users willing to trade gas fees and slippage for self-custody. In 2026 that picture has flipped. According to CoinGecko’s CEX & DEX Trading Activity Report 2026, three DEXs PancakeSwap, Uniswap, and Hyperliquid now rank among the world’s top 10 crypto exchanges by trading volume, […]








