@k0nquest16
Decentralized exchanges evolved from simple peer‑to‑peer swaps in 2015 to ecosystems powering DeFi. Today AMMs replace order books, providing instant liquidity and composable protocols. Layer‑two rollups and cross‑chain bridges close speed gaps, while governance tokens grant users ownership. Next wave blends privacy, staking, and AI insights. DEXs aren’t just trading venues—they’re crypto’s backbone.
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