Decentralized exchanges (or decentralized exchange, DEX for short) are digital trading platforms that are powered by smart contracts and blockchain technology. Users can exchange digital assets and cryptocurrencies directly with each other without the need for a central authority or third party. In this article, we will be talking about the top 4 crypto DEX platforms and helping you determine which one is best for you.
If you have been following the cryptocurrency market for the past few years, you have probably come across the term “decentralized exchange”. After all, it’s one of the most talked-about blockchain technology solutions today.
In this article, we will be talking about the top 4 crypto DEX platforms and helping you determine which one is best for you to make fast profits if you own a sniper bot crypto such as Polybot.
1. Pancakeswap (Binance Smart Chain)
PancakeSwap is a type of DEX known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders. Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete. (source) Pancakeswap is still the number one platform for anyone who owns a sniper bot crypto as it sees the highest number of project launches on a weekly basis.
There are a number of presale launchpads such as Pinksale and DXSale which provide a large amount of volume for project launches in Binance Smart Chain.
2. Quickswap (Polygon)
QuickSwap is an Automated Market Marker on the Polygon Network. It’s a copy of Uniswap and offers the same liquidity pool model. Users add pairs of tokens to liquidity pools and earn transaction fees from others who swap their tokens using the pools. (source) Polygon has low gas fees and is proving popular with cryptocurrency bot traders as projects often see a good amount of hype on launch.
3. Trader Joe (Avalanche)
Trader Joe is a one-stop-shop decentralized trading platform native to Avalanche. Trade, Farm, Stake, Lend and Launch. All under one roof. (source) Trader Joe is the biggest and fastest-growing DEX and has seen some of the best snipe opportunities so far in 2022 with 10x from launch a number of times. If you own a sniper bot crypto, Avalanche is one of the best networks to make money on as it combines low gas fees with very big hyped projects which means great opportunities to make money and fast profit.
4. Spooky Swap (Fantom)
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. Different from other DEXs, they’re invested in building a strong foundation with their BOO token as a governance token, diverse farms, a built-in bridge, built-in limit orders, and user-centered service. (source)