What is a DEX in crypto?

Decentralized crypto exchanges (DEXs) are blockchain-based apps that coordinate large-scale trading of crypto assets between many users . They do that entirely through automated algorithms, instead of the conventional approach of acting as financial intermediary between buyers and sellers.

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Is BSC a DEX?

We recognized 31 DEX protocols on Ethereum and four on Binance smart chain (BSC). On Ethereum, Uniswap(V1 and v2 and their clones and similar) protocols have more than 65% of the DEX market share. However, on BSC, Uniswap(V1 and v2 and their clones and similar) protocols executing 99.99% of the trades.

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