Definition
A DEX (Decentralized Exchange) lets users swap tokens directly from their wallets via smart contracts. Learn how DEXs work and how they differ from centralized exchanges.
Why It Matters
Understanding DEX helps you read crypto market data more accurately and make better-informed decisions when comparing coins, projects, and on-chain activity.
Where You'll See It
DEX appears throughout cryptocurrency analytics on Crypto Market Watch — including coin profiles, rankings, and other glossary entries. Continue with related glossary terms or read the longer-form learn articles for deeper context.