Tag Archives: Decentralized Exchange

User Experience on 8 Popular DEXs – AirSwap

In addition to place-an-order and accept-quotation kinds of exchanges mentioned before, AirSwap is considered the third type, where trade is conducted over-the-counter (OTC). Over-the-counter trading means that the user has to find a counterparty to trade with. AirSwap merely serves as a platform for users to post their trading intentions, finding counterparties, and complete secure […]

User Experience on 8 Popular DEXs – Kyber Network

Before starting with this article, refer to the previous Bancor UX review. These two are almost identical in terms of user experience although they function differently on their base layer. They both offer a buy/sell price to users who trade directly, in other words, users can’t place order freely. Below is the interface of Kyber […]

User Experience on 8 Popular DEXs – Bancor

The DEXs reviewed previously all resemble traditional stock market platforms, where traders can place orders and trade. Different from the type of exchanges mentioned before, which you can place order freely, users cannot place orders on Bancor, instead, they only accept the price offered by the exchange, like how our bank’s currency exchange works. After […]

User Experience on 8 Popular DEXs – Bithumb DEX (R1)

Last month, Bithumb launched a decentralized exchange – Bithumb DEX. Before its debut, I had noticed a project named R1 Protocol, and now I find out Bithumb DEX is actually one of its relayers. The website of R1 Protocol has 2 relayers now. However, Rootrex remains closed, so I can only comment on Bithumb DEX. […]

User Experience on 8 Popular DEXs – OasisDex

OasisDex is one of the few exchanges that are fully decentralized. But surprisingly, I personally think its user experience is relatively smoother than other exchanges. Due to the fully decentralized nature of OasisDex, both making and cancelling orders have to be executed on chain. Before making an order, user has to deposit tokens in the […]

User Experience on 8 Popular DEXs – 0x Protocol

0x is a famous protocol for decentralized exchanges, not a real exchange. Most of the decentralized exchanges today are built on top of 0x protocol which are called 0x relayers. The design of 0x’s smart contract has various features and functionalities. However, the user experience is highly impacted by the implementations of relayers. First, I […]

User Experience on 8 Popular DEXs – IDEX

IDEX rose rapidly after EtherDelta’s success and became the largest decentralized exchange. What did IDEX did that surpass EtherDelta? On IDEX, to avoid transaction failures, admins will send the transactions onto the blockchain instead of users themselves, which is different from most other decentralized exchanges. Besides, IDEX has order matching function which will match buyers […]

User Experience on 8 Popular DEXs – EtherDelta / ForkDelta

In 2018, we witness several launches of decentralized exchanges, I personally had tried many of these DEXs and EtherDelta is one of the ones that I will share my user experience on. EtherDelta gained popularity during the ICO craze last year. It is also the first decentralized exchange I had used. However, I stopped using […]

Review of DEXs

  There are many new decentralized exchanges (DEX) launched this year. Do you think all the DEXs have similar functionalities or they have certain advantages over the others? The answers can be found below: DEXs do not have custody of users’ funds, thus reducing the risk of being hacked and enhancing the security level. Except […]