Decentralized exchanges (DEXs) allow users to trade cryptocurrencies directly without intermediaries, enhancing privacy and control. As of 2025, here are some notable DEX platforms:

Uniswap
A leading Ethereum-based DEX, Uniswap pioneered the Automated Market Maker (AMM) model, enabling seamless token swaps through liquidity pools.

PancakeSwap
Operating on the Binance Smart Chain, PancakeSwap offers low-fee trading for BSC-based tokens and features like staking and yield farming.

GMX
A DEX on Arbitrum and Avalanche networks, GMX provides spot and perpetual trading with up to 50x leverage. It is known for low fees and zero price-impact trades.

dYdX
An order book-based DEX offering advanced trading options, including margin and perpetual contracts, with up to 20x leverage on assets like Bitcoin and Ethereum.

1inch
A DEX aggregator that scans multiple exchanges to find the best prices and lowest fees for ERC-20 token trades, supporting purchases via debit/credit cards.

When choosing a Decentralized Exchange, consider factors such as supported tokens, fees, security, and user experience to ensure it meets your trading needs.

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