Top Decentralized Trading Platform

While the volume of traded cryptocurrencies has risen significantly in recent years, the number of platforms has remained relatively constant. A recent analysis by Dune’s DEX analytics found that $3.2 billion of trades took place over the last 24 hours, and an additional $33 billion were transacted in the past week. Uniswap is the current market leader with 79% market share, processing $26.2 billion of trading volume over the past seven days. Originally a clone of Uniswap, SushiSwap is the second largest decentralized exchange by volume with a 9.8% share.

The user interface of MDEX is more streamlined than Uniswap, and it provides an excellent user experience. Although the exchange is based on algorithms, its interface resembles that of a centralized exchange. The MDEX swap feature is very intuitive, and users can trade in a range of assets. MDEX also offers liquidity and trading options for traders, which are unmatched by its competitors.

Bisq is a decentralized exchange aggregator, compiling several decentralized exchanges. It attempts to give the most accurate price possible by combining the data from many different decentralized applications. This platform does not charge protocol fees and protects users from price spikes. Its PRO version has candlestick charts, profit and loss settings, and limit orders. However, it is not the only decentralized exchange that offers these features.

Top Decentralized Trading Platform by Volume

Coinbase and Uniswap are the most popular centralized exchanges in the U.S., although both platforms saw over $100 billion in transactions. While Coinbase and Binance are widely used and popular, most people in other parts of the world aren’t aware of these exchanges. With their emergence and growth in the crypto market, decentralized exchanges have become an integral part of the cryptocurrency ecosystem. OKEx and Binance have also launched decentralized counterparts to compete for market share.

Uniswap is a decentralized exchange aggregator, which compiles several different decentralized exchanges. It attempts to offer the most competitive price across various cryptocurrencies and uses Tor routing and Decentralized trading platform software. Its PRO version also allows users to view candlestick charts, profit and loss settings, and limit orders. Further, the open source platform is one of the top decentralized exchanges by volume in North America.

Coinbase is the largest centralized exchange in North America. Uniswap is the top decentralized exchange by volume. Uniswap has been in operation for the past three years and has been an important influencer in the space. Among the other prominent decentralized exchanges, Uniswap has seen the most growth in the last few years. These two platforms have been ranked by volume for several months.