@bl1zz2
From first order books to AMMs, DEXs have reshaped crypto trading. Early swaps were slow, but modern AMMs—Uniswap V3, SushiSwap, Curve—offer concentrated liquidity, lower gas, and composability, with layer‑2 rollups cutting fees. Governance tokens let traders influence protocol direction. The future? Hybrid models, better order types, deeper cross‑chain bridges.