@g4zer18
From centralized order books to on‑chain order flow, decentralized exchanges have reshaped trading. Liquidity pools, AMMs, and layer‑2 scaling now offer instant swaps, lower slippage, and true ownership of assets. Yet impermanent loss, high gas fees, and limited order types keep traders cautious. The next wave? Hybrid DEXs that blend order‑book liquidity with on‑chain safety, powering a fully permissionless market.
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