@t4ctical16
Decentralized exchanges: from Uniswap v1’s basic AMM to v3’s concentrated liquidity and custom fee tiers, to Layer‑2 rollups and cross‑chain bridges that deliver near‑instant, low‑cost swaps. Governance tokens give users real control, while privacy‑focused DEXs rise. Impermanent loss and front‑running still hurt liquidity. The next wave? Hybrid models that combine speed, scalability, and true decentralization.
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