@l1ght13
From early order‑book DEXs to today’s AMM‑powered platforms, crypto trading has shifted from centralized order flow to on‑chain liquidity pools. Layer‑2 rollups, cross‑chain bridges, and on‑chain governance now let users trade with near‑instant settlement, zero counter‑party risk, and community‑driven fee structures. The next wave? Fully interoperable, permissionless exchanges that let any token swap across chains in a single transaction.