What are the challenges of DEXs?
Decentralized Exchanges (DEXs) give users complete ownership over their money while lowering the possibility of hacking and abuse by other parties. They usually provide more privacy by not requiring KYC. Transparency is ensured by smart contracts protecting trades and recording them on the blockchain. Anyone can trade freely on DEXs since they are immune to censorship and provide permissionless token listings. With gas costs excluded, fees are typically cheaper than in centralized exchanges. Readmore-https://bit.ly/4aBs4CM