CryptoTurkish: DEX (Merkezi Olmayan Borsa)
What is Decentralized Exchange?
A platform where crypto assets are swapped through smart contracts without a central authority.
ExampleOn the Uniswap DEX, 1 ETH was swapped for 3,200 USDC.The figures in the example illustrate the concept; they are not current market data.
Related terms
Decentralized FinanceA blockchain-based ecosystem that offers financial services without intermediaries through smart contracts.Smart ContractA code-based contract that runs automatically on a blockchain according to predefined rules, withoutLiquidityHow easily an asset can be turned into cash quickly without significantly moving its market price.Liquidity PoolA pool of tokens funded by users on DeFi protocols, where trades are executed.
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Frequently asked questions
What is Decentralized Exchange?
A platform where crypto assets are swapped through smart contracts without a central authority.
What is Decentralized Exchange called in Turkish?
In Turkish financial reporting and news, Decentralized Exchange is called DEX (Merkezi Olmayan Borsa).
Which concepts are related to Decentralized Exchange?
The concepts most often mentioned together with Decentralized Exchange are Decentralized Finance, Smart Contract and Liquidity.