Decentralized Exchanges

Decentralized Exchange (DEX)

On Decentralized Exchanges (DEXs), trading works differently compared to traditional centralized exchanges. Here's how trading works on DEXs:

  1. No Intermediaries: DEXs operate on blockchain technology, which means there is no central authority or intermediary controlling the exchange. Users directly interact with the smart contracts powering the DEX.

  2. Wallet Integration: To trade on a DEX, users need to connect their digital wallets (such as Uniswap) to the exchange. This allows them to securely manage their funds and interact with the DEX smart contracts.

  3. Order Book vs. Automated Market Maker (AMM): There are two common types of DEXs. Some DEXs use an order book model, where buyers and sellers place orders that are matched by the exchange. Other DEXs use an AMM model, where liquidity pools are used to facilitate trades automatically based on predefined algorithms.

Popular DEX's that you can trade $XAI are on:

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