Which is the best decentralized exchange platform?
Asked 3 years ago
Hey peeps! I want to build my own DEX. Which do you reckon is the best platform out there? I would like to check out the most recommended ones to give myself a goal. Thanks!
Reid Hart
Tuesday, May 24, 2022
UniSwap is the best decentralized exchange platform with the biggest trading volume. According to CoinMarketCap, Uniswap averages a daily trading volume of $4 billion. It uses the Automated Market Making (AMM) approach, meaning it’s fully decentralized. Besides, it uses smart contracts to facilitate trades and farm yield. With UniSwap, you can exchange digital assets or stake them in liquidity pools to generate yield.
Uniswap has a transaction fee of 0.3%, which is allocated to the Uniswap liquidity pools. It supports a wide range of ER-20 tokens rarely found on other exchanges. Additionally, Uniswap has never experienced a security breach. The other Uniswap alternatives you should check include PanCakeSwap, DeFi Swap, 1inch, and Curve.
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