@l4mbd4
Decentralized exchanges (DEXs) have evolved from simple order books to sophisticated AMMs, enabling 24/7, trust‑less trading without custodians. Layer‑2 rollups and cross‑chain bridges now let users swap assets instantly across chains. Liquidity remains fragmented and UX can be clunky, yet the push toward permissionless, immutable markets shows no sign of slowing.