A decentralized exchange (better known as a DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders.
DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, payment processors, or any other kind of intermediary. The most popular DEXs — like Uniswap and Sushiswap — utilize the Ethereum blockchain and are part of the growing suite of decentralized finance (DeFi) tools, which make a huge range of financial services available directly from a compatible crypto wallet. DEXs are booming — in the first quarter of 2022, $217 billion in transactions flowed through decentralized exchanges. As of March 2023, there were more than two million DeFi traders, a ten-fold increase from May 2022.
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Lend to earn
DeFi lending enables users to select which money market they want to lend to and earn interest from, depending on the market's yield. Decentralized Finance Learning center.