Five Decentralized Exchanges (DEXs) to Watch as the Crypto Market Comes of Age

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The crypto market structure has evolved into a full suite of financial services that features centralized and decentralized products. Unlike in the past, crypto natives now have an option to purchase digital assets through centralized or decentralized exchanges. The latter became popular following the debut of Decentralized Finance (DeFi) protocols, which are powered by smart contracts. 

According to data from The Block Research, DEXs accounted for close to $1 trillion of total crypto market trading volumes in 2021. More importantly, the larger share of ‘crypto whales’ and veterans prefer using DEXs over CEXs. 

“We see that DEX users carry out much larger transactions than centralized exchange users. This is likely because DeFi is also more popular in countries with bigger, more established cryptocurrency markets, which also tend to be wealthier countries.” noted a recent report by Crypto Intelligence firm Chainalysis. 

While several DEXs have been launched within the past two years, some have emerged as more superior ecosystems. This is because of the difference in the underlying infrastructure, tokenomics and network incentives, amongst other factors. In this article, we will highlight five leading DEXs that every crypto investor ought to know. 

SOMA.finance is the pioneer globally compliant multi-asset DEX to offer tokenized assets backed by various financial instruments, including cryptocurrencies, equities, ETFs, STOs and NFTs. The project has partnered with Tritaurian Capital, a U.S licensed broker, enabling crypto innovators to issue tokenized assets while giving retailers