DEXs have become increasingly popular among individuals seeking a more secure and transparent way to trade digital assets. DEXs utilize the power of blockchain technology to facilitate trades and allow for the execution of financial transactions in a trustless and autonomous environment. Some of the most widely used DEXs, such as Uniswap and Sushiswap, are built on the Ethereum blockchain and are part of the expanding ecosystem of decentralized finance (DeFi) tools.
Read everything you wanted to know about DeFi (Decentralized Finance). How does DeFi work, history of Defi, functions, data, technologies and blockchain.
In the past, people have always used centralized finance (CeFi), in which a central authority regulates the flow of money. These central authorities hold the ability to change any policy to suit them, rendering people powerless. For instance, in many places, banks determine how much money you can move around or what currencies you can use.