Automated Market Makers (AMMs) & DEXs

Unlike traditional exchanges, DEXs (Decentralized Exchanges) allow users to trade directly from their wallets without a middleman.

🔹 Examples of Popular DEXs:

• Uniswap (Ethereum)

• PancakeSwap (BNB Chain)

• SushiSwap (Multi-chain)

💡 How does it work?
Instead of order books, DEXs use Automated Market Makers (AMMs), where liquidity pools enable instant swaps between tokens.

✅ No KYC needed – Trade anonymously.
✅ Fully decentralized – No single entity controls it.
✅ Earn fees by becoming a liquidity provider.

⚠️ Gas fees on Ethereum-based DEXs can be high—look for layer-2 solutions or other blockchains!