Some DEXs support tokens from different blockchains, while some support tokens from only one blockchain.
Whichever you prefer, the following are the best DEXs to use for trading DeFi tokens.
1.PancakeSwap
PancakeSwap is adecentralized exchangebuilt on Binance Smart Chain (BSC).
you’re able to also earn cryptocurrencies through liquidity pools and yield farming.
2.dYdX
Wish to trade perpetual contracts?
dYdX is the DEX for you.
you’re free to trade perpetual contracts on the DEX with zero fees and up to 20X leverage.
Built on Ethereum, dYdX also has an NFT collection that facilitates community building.
The DEX’s DYDX token allows holders to vote for important governance proposals.
There have been three versions of dYdX.
A fork of Uniswap, the DEX works primarily with Polygon rather than Ethereum.
QuickSwap also has an Ethereum-based utility token known as QUICK, which powers the QuickSwap exchange.
Transaction fees on the exchange are paid using MATIC, thenative token for the Polygon connection.
It also has a mobile app in addition to the online window version.
4.Uniswap
Uniswap is reputed as one of the oldest decentralized exchanges.
Using the native token UNI, they can vote on key governance proposals and decide on major changes.
The exchange is built on Ethereum, and fees were initially paid using ETH as the only option.
you could also access Uniswap on your mobile devices using the Goswapp app.
5.Multichain
Multichain, as the name implies, is a decentralized exchange that supports multiple blockchains.
It features a significantly higher number of blockchains than any other DEX and facilitates cross-chain transactions.
6.1inch
1inch is one of the most advanced DEXs and is also a DeFi/ DEX aggregator.
It also has a decentralized autonomous organization (DAO) that allows staking and other functions.
If you’re interested in earning extra income, you might contribute to the liquidity pool oryield farming.
Are You Ready To Trade DeFi Tokens?
These are the best DEXs, with their features and unique characteristics.
