🧠 WEB3 101: THE RISE OF DEXs (DECENTRALIZED EXCHANGES)
If you’ve ever used Uniswap, PancakeSwap, or SushiSwap, you’ve already tasted the DEX revolution. But let’s break it down for the newbies 👇
🔁 WHAT'S A DEX?
A Decentralized Exchange lets you trade crypto directly from your wallet, no middlemen, no sign-ups. Just plug in and swap.
WHY ARE DEXs RISING FAST?
✅ No KYC or central control
✅ Users hold their own funds
✅ Open access, anyone can trade or list tokens
✅ Powered by smart contracts, not centralized servers
But... there are tradeoffs:
⚠️ Higher gas fees at times
⚠️ Front-running risks (MEV)
⚠️ Less customer support
⚠️ Anyone can list tokens = more scams
DEXs put power back in the hands of users. They’re transparent, permissionless, and a core part of DeFi’s rise 🌐
More Web3 101 coming soon 📚
Hit me with questions if you’re new, class is open 🎙️🧵 4 replies
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