Decentralized exchanges are at the peak of popularity!

Masari researcher has announced that decentralized exchanges (DEXs) have become increasingly popular. These exchanges have reached a new record in trading volume, although they have not received enough attention. The Masari researcher believes that DEXs, despite their impressive achievements, are still overshadowed and their true value is not understood by many. He believes that centralized exchanges (CEXs) are delaying in listing tokens and have become more of a place for venture capitalists to sell their investments. Decentralized exchanges offer retail traders a better opportunity to buy new tokens as they list them earlier. Among the advantages of decentralized exchanges are a better user experience, the ability to connect a personal wallet, and higher security. Decentralized exchanges have experienced significant growth. DeFi platforms have seen a significant jump in the past year, with daily turnover doubling to $5.25 billion. This increase indicates the growing acceptance and trust of users in decentralized trading in the cryptocurrency market. Uniswap, the largest decentralized exchange, leads the field with a 28% market share.