Popular DEX Platforms For Crypto Users

Decentralized exchange, otherwise known as DEX, has become increasingly popular in recent years. In the year 2020, the crypto world saw an increase in the value of Ethereum, and this currency is the air upon which most DEX currencies breathe from. According to Dune Analytics, over $739B of DEX have been on in the past 12 months. Also, their report shows that over 3,099,826 traders have used different DEX platforms for trading in the same period.

The popularity of DEX platforms is due mainly to the increase in the price of the top cryptocurrencies today. As of July 2021, statistics show that Bitcoin and Wrapped Bitcoin stood at $30,000, with Ethereum coming in cheaper at 30 times reduced value. Crypto enthusiasts have thus run to platforms, which are secure, private, and still have high value like and the likes. In this article, you will find the most popular DEX platforms for Crypto, which will invariably be of interest to you.


The Uniswap platform is a DEX, which allows you to swap ETH with other ETH-based tokens. This platform makes use of smart contracts to ensure you remain anonymous and your wallet is well protected. Most users complain that Uniswap is hard to understand, at least when compared with other DEX. With Uniswap, your defining price for your coin is decided by an automated market maker (AMM) instead of the exchange rates determined by price and demand, which other platforms make use of.

A market price with 300,000 BAT and 55,000 USDC on Uniswap would be obtained by combining the two different quantities and multiplying them to arrive at 165 billion. So with this value, no matter what is going on in the market, crypto traders have more stability in their trading with Uniswap. This has probably increased the reason for the platform’s popularity.

Binance DEX

Binance is now one of the leading crypto platforms for DEX. Binance is known to provide one of the , but with the popularity of DEX, the crypto company launched its decentralized native blockchain. With this platform, you do not need to give somebody else your keys to manage your portfolio, and you can fund your wallet all by yourself.

Much as the Binance DEX gives crypto enthusiasts a run for their money, some crypto experts have come out to complain about the limited number of nodes that the currency comes with. With this, the platform still has a UX, which appears to be still very much centralized. Although, the reduced nodes comes with a plus. Crypto traders can easily make their exchanges, and they will get confirmation from both parties within seconds. You should be aware that there are fees that validators would charge whilst using this platform. The fee helps to ensure maintenance for the blocks, which the validators create.

Kyber Network

Kyber Network has over 3.5% of market shares for the $12 million accumulated on Saturday’s trade volume. It uses an on-chain liquidity protocol that will allow you to trade your tokens in one transaction. This exchange platform does not operate like the other platforms you might be used to, as it can work on any blockchain.

There is also another token by the company known as Kyber Network Crystal. Although not as popular, this platform offers you protection against any form of wash trading, especially if you are a “HODL” holder. Anyways, with Kyber Network, you enjoy the ease in all protocols when trading, as well as more opportunity to participate in building your funds when there is an open-source protocol.


With Bancor, there is no need for a third party to help you with your trades, just like Binance DEX. You can exchange your tokens like the ERC-20 in place of the Bancor Smart Network Token, and it goes vice-versa. All of your ERC-20 tokens can remain on the Bancor protocol, as it makes use of a smart contract when holding your tokens. It follows the normal law of demand and supply when it comes to its trading value, which might be a reason for its popularity.

With this in place, liquidity for small value tokens, which cannot be found in other platforms, will be available. You can also trade between different tokens on this platform. If you want to exchange Tron for XRP, all you need to do is select the coins and then connect the trade with a wallet that has TRX. Bancor protocol would then scale through thousands of smart contracts for one holding TRX, which would then be converted to BNT, and later to XRP, which you need.


The curve is another platform that is borne from the Eth blockchain. This decentralized exchange pool is where over 21.3% of trades in DEX takes place by crypto traders. This exchange platform allows you access to cheaper gas trades, as well as low slippery trades. With Curve, you have the assurance of getting your tokens without being misled and at a low exchange rate too.


This DEX platform gives crypto traders the ability to swap between different liquidity tokens. Over 6.4% of 13 trades on the DEX exchange are carried out using Balancer, and this is equivalent to $21 in trade value.