Decentralized Exchange (DEX)
Coverage of Decentralized Exchange (DEX) in the Nexus archive.
- Ethereum zkRollup project Loopring sunsets DEX, citing lack of meaningful adoption
Loopring, an Ethereum zkRollup project, is discontinuing its decentralized exchange (DEX) due to insufficient adoption. The project plans to return all remaining user funds via a smart contract upgrade, eliminating transaction costs for users.
- Where to Swap ETH to SOL?
A user seeks a decentralized exchange (DEX) to swap ETH for SOL with low fees, no KYC requirements, and instant transactions. They express dissatisfaction with Phantom Wallet's 6% fees and avoid centralized platforms like Binance or Coinbase.
- Solana takes 30.6% of DEX market while everything cools off
Solana has captured 30.6% of the decentralized exchange (DEX) market, indicating its growing influence amidst a generally slower market period.
- Bridged ETH to SOL through a DeFi bridge vs. an exchanger - the fee difference surprised me
A user compared transferring ETH to SOL via a DeFi bridge and a direct exchanger, finding the exchanger significantly cheaper. The bridge method incurred wrapping fees, slippage on Solana's DEX, and higher total costs for 0.5 ETH. The exchanger offered a fixed rate, no wrapping, and faster delivery of SOL with no hidden fees.
- ZEC added to Robinhood + Thorchain
Zcash (ZEC) has been added to THORChain, with Robinhood set to begin ZEC trading in the coming weeks as nodes support it. Bifrost scanning is also enabled, and another major decentralized exchange (DEX) has added ZEC.