Top 5 Decentralized Exchanges (DEX) on Ethereum in 2022 – An Overview

Ethereum is by far the most important blockchain with smart contracts and is by far the leader as the basis for decentralized apps and applications. It has become even more important after the famous Ethereum Merge. This also contains decentralized exchanges (DEX), which are largely based on the Ethereum Blockchain. What are the top 5 Decentralized Exchanges (DEX) on the Ethereum Blockchain in 2022 after the merge? Let’s take a look at it in more detail.

What are Decentralized Exchanges (DEX)?

Decentralized exchanges (DEX) are trading platforms for cryptocurrencies that have a totally decentralized configuration. Here, trading partners can trade with each other directly and without a mediator. The exchanges are based on a peer-to-peer basis. The DEX works on blockchain principles.

DEX utilizes blockchain networks like Ethereum to complete totally decentralized financial transactions. As a result, decentralized exchanges offer total freedom and autonomy in financial transactions. This is what makes the DEX so engaging in contrast to centralized crypto exchanges like Binance. 

exchange comparison

Why use DEX Ethereum as a foundation?

Ethereum was the first blockchain to present smart contracts. As a result, Ethereum has been able to create a huge ecosystem in recent years. Most decentralized exchanges were created with Ethereum as the foundation, which equipped the network with the essential infrastructure and dependability. In recent years, Ethereum has had major issues with transaction expenses and transaction speeds. But with Ethereum 2.0 these problems should be fixed.

Ethereum has a major role in the field of decentralized applications. The stature of the network is huge, so most dApps and most DEX continue to depend on Ethereum as a trustworthy option with high stature.

Top 5 Best Decentralized Exchanges (DEX) On Ethereum Blockchain

In the following we would like to introduce you to the best-decentralized exchanges (DEX) on Ethereum in 2022: