Web 3.0 is fueling innovations and rapidly transforming traditional technology-based businesses. As anticipated, it has brought forward a new generation of exchanges that align with the Web 3.0 vision for businesses. Decentralized exchange development is an amalgamation of these three pillars of Web 3.0 – decentralization, blockchain, and crypto.

Decentralized exchange software solutions are digital asset trading platforms that rely on peer-to-peer networks, facilitating a trustless venue. The DeFi space abounds with myriad innovative DEXs and their forked replicas. If you are interested in setting up your trader-empowering trading ecosystem, secure your spot in line as soon as possible!

Market Overview: Decentralized Exchange Software Development

Currently, there are four types of DEXs on the market, namely – AMM DEXs, order book-based spot DEXs, order book-based perpetual DEXs, and DEX aggregators. Let’s take a look at some of the decentralized exchange software development statistics.

    • At the time of writing this blog, there were 524 decentralized exchanges with a total of 24 hourly trading volumes amounting to $1.37 billion and 134 million monthly visits.

Considering the statistics mentioned above, we can conclude that there is huge and profound potential for building decentralized crypto exchange software. Now let’s study some of the business benefits of building DEXs before we dive into the cost breakdown.

Read More: