Is a decentralized exchange also a decentralized app?

A DEX (Decentralized Exchange) is a DAPP (Decentralized Application) focused on automated market making. A DEX runs on a blockchain network and has the following features:

• Allows peer-to-peer trading of cryptocurrencies without an intermediary
• Market participants have total control over their private keys
• Every transaction is recorded on the blockchain and can be accessed by other network users
• Verified transactions are immutable

Unlike a Centralized Exchange (CEX), which you can only use for exchanging cryptocurrencies, you can leverage a DEX’s chain to issue new tokens, trade them, and record their transactions seamlessly. This will bring more transparency and credibility to your project.