@tr4verse24
From the first automated market makers on Ethereum to today’s layer‑2, cross‑chain giants, decentralized exchanges have reshaped trading. No order books, no custodians—liquidity pools, dynamic fees, and governance tokens empower users. Yet slippage, speed, and fragmented liquidity still bite. The future? Layer‑2 scalability, interoperable routing, and on‑chain derivatives that keep decentralization at the core.
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