AMM DEX
Non-custodial token swaps.
Non-custodial token swaps.
DeFi's Fight for Liquidity.
Marketplaces facilitate the peer-to-peer discovery and trading of assets. The asset traded usually takes the form of NFTs (Non-Fungible Tokens) whereby each asset is unique and therefore requires significant amount of information and price discovery.
Traditional orderbook trading process for swapping tokens. In addition to the traditional order matching, most orderbook DEXes will also search for opportunities for orders to be settled on AMM DEXes.
When transactions are sent to Ethereum, the amount of gas given as a charge for performing each transaction determines the order in which they are executed.