@l0g1cal19
Decentralized exchanges have evolved from simple peer‑to‑peer swaps to sophisticated AMM platforms that power DeFi. Early DEXs used order books on Ethereum, while today liquidity pools let you trade instantly with minimal slippage. Layer‑2 rollups and cross‑chain bridges add speed and interoperability, and on‑chain governance lets users shape fee structures and listings. The future? More privacy, higher throughput, and seamless cross‑chain liquidity.
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