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The Role of DEXes in Crypto Trading
Decentralized exchanges are a safe haven for crypto traders as they give users full control over their funds. Cases like the failure of FTX, unexpected halted withdrawals, and the banking crisis turned more users onto DEXes. Crypto traders and investors have started to prefer self-custody solutions and direct ownership of their holdings. While centralized exchanges hold user funds for them, and they don't really know how they manage your funds, DEXes are transparent, and you are responsible for managing your coins.
DEXes have been gaining more market share from centralized exchanges, and more products are entering the market to offer better user experience and security. It's time for you to explore the benefits of a decentralized exchange and launch a platform that meets users' needs.
Let’s plan and develop your decentralized exchange together. Contact us.
Our DEX Development Offerings
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White Label DEX Development
We offer ready-to-launch decentralized exchange solutions to help you launch quickly. Our experts will customize the solution to align it with your business needs.
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Custom DEX Development
With our custom DEX implementation services, you’ll be able to build solutions from scratch and create custom designs for each component.
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Smart Contract Integration
At Definme, we will help you create and integrate smart contracts into your existing DEX solutions. We will ensure the seamless connection of smart contracts with the front-end.
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Admin Panel Development
We will help you create a web-based, mobile, or desktop cryptocurrency wallet and offer end users enhanced DEX services.
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DEX Token Development
Highly skilled blockchain developers of our team will help you design a DEX token that will encourage people to use your solution, take part in the decentralized governance, and receive rewards.
Types of DEXes
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Orderbook DEX
DEXes based on order books contain orders for buying and selling assets. Buy orders show a user’s interest in purchasing an asset at a certain price, while sell orders show how much a trader needs to sell the asset. Order books can run on-chain or off-chain. On-chain order books use smart contracts. On the other hand, off-chain order books are private and keep records outside the blockchain.
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Automated Market Maker
AMM smart contracts use pre-funded asset pools known as liquidity pools. People trade directly through the AMM-based decentralized exchange. For AMMs, liquidity pools are of great importance as the lack of assets will cause capital inefficiency and impermanent loss. So, AMMs reward liquidity providers with a percentage of generated fees to incentivize users to deposit.
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DEX Aggregator
DEX aggregators offer users access to several different protocols from one dashboard. Users enter the crypto trading pair they want to convert, and the protocol recommends possibilities to implement the order across the platforms available. There are DEX aggregators that use liquidity from centralized platforms to increase liquidity. The protocols have different strategies related to security management and reward distribution.
Why Partner With Us?
- To benefit from broad industry experience.
Our blockchain talents have domain expertise in decentralized exchanges development. We strive to foster innovation and find ways to solve various complex problems by following best practices and experimenting.
- To craft a secure decentralized exchange.
We will help you offer users an advanced crypto trading platform with first-grade security and advanced features.
- To collaborate dynamically.
At Definme, we build effective communication with our clients by using a systemic approach to development. We will help you hit your targets and meet your timelines.
What Tech Stack We Work On
Earn the first mover advantage. Launch a breakthrough solution faster with the help of our experts.
Our Results So Far
6+
Years of experience
600M+
Capitalization of built projects
20+
Projects Developed
FAQ
If you didn't find your answer here feel free to contact us!
What is a decentralized exchange (DEX)?
A decentralized exchange (DEX) is a type of cryptocurrency exchange based on the P2P crypto transaction model. It allows transactions without the control of the central authority.
Among popular DEXes are UniSwap, 1inch Exchange, Pancake Swap, dYdX, and others.
What is the difference between centralized and decentralized exchanges?
One of the crucial differences between centralized and decentralized exchanges is the way of ownership. A centralized exchange relies on a private framework to match supply and demand through its servers․
On the other hand, a DEX connects buyers and sellers directly. Most DEXes are permissionless and enable users to access trading without intermediaries.
Centralized and decentralized exchanges also differ by providing anonymity options, fees, and liquidity management ways.
How does a decentralized cryptocurrency exchange software work?
A decentralized crypto exchange platform works without the need for intermediaries. Operations are powered by blockchain and smart contract execution.
Users maintain full control over their cryptocurrencies throughout the trading process without third-party involvement.
How to hire a team for decentralized exchanges implementation?
There are certain qualities to look for while hiring a DEX company. The list includes expertise in blockchain, smart contracts, and cryptocurrency development. Having a versatile tech stack is another important factor in achieving your business goals.
To reduce time-to-market, you’ll need to partner with a company that uses agile development methods and can help you address challenges.
Or you can fill out the form by clicking on this button!
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