The significance of decentralized trading for the growth of DeFi ecosystem

  1. DEX provides the necessary liquidity for decentralized trading.
  2. A wide variety of tokens are available due to permissionless listing.
  3. Users remain in control of their funds.
  4. More secure than a centralized exchange due to its trustless nature.
  5. DEXs provide infrastructure for liquidations
  6. DEX with high TVL on assets creates stable markets which are not easy to manipulate.
(source: https://www.reddit.com/r/ethtrader/comments/l65yst/the_ethereum_ecosystem/)
(source: https://defillama.com/chains)

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