@bl1nk12
Decentralized exchanges evolved from simple peer‑to‑peer swaps to AMM platforms that provide instant liquidity, zero‑custody trading, and user governance. Layer‑2 rollups and cross‑chain bridges now let traders swap assets in milliseconds, while privacy layers and impermanent‑loss mitigation improve security and returns. The future? Fully composable, trust‑less marketplaces that merge DeFi, NFT, and gaming into a single, permissionless ecosystem.
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