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Calculate the fees and output for your crypto trades on popular DEXs
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Decentralized exchanges (DEXs) have revolutionized the cryptocurrency trading landscape by eliminating intermediaries and giving users full control over their assets. Unlike centralized exchanges, DEXs operate using smart contracts on blockchain networks, ensuring transparency, reduced counterparty risk, and improved privacy.
Below, we explore some of the most influential DEXs across different blockchain ecosystems.
PancakeSwap is an automated market maker (AMM) and decentralized exchange (DEX) built on BNB Chain. It allows users to trade tokens without intermediaries, provide liquidity, and earn rewards through yield farming and staking.
Key features include:
Native Token: CAKE
Blockchain: BNB Chain (formerly Binance Smart Chain)
Launch Date: September 2020
Fee Structure: 0.25% trading fee (0.17% to liquidity providers, 0.03% to treasury, 0.05% for CAKE buyback and burn)
Uniswap is one of the largest decentralized exchanges and AMMs on Ethereum. It pioneered many aspects of DEX functionality and has evolved through multiple versions to improve efficiency and add features.
Key features include:
Native Token: UNI
Blockchain: Ethereum, with deployments on Layer 2 solutions and other EVM-compatible chains
Launch Date: November 2018 (V1), May 2020 (V2), May 2021 (V3)
Fee Structure: Variable fee tiers (0.01%, 0.05%, 0.3%, and 1%) depending on pool volatility
Raydium is a leading automated market maker (AMM) and liquidity provider built on the Solana blockchain. It provides on-chain liquidity to the central limit order book of Serum DEX.
Key features include:
Native Token: RAY
Blockchain: Solana
Launch Date: February 2021
Fee Structure: 0.3% trading fee (0.25% to liquidity providers, 0.05% to RAY stakers)
SushiSwap began as a fork of Uniswap but evolved into a comprehensive DeFi ecosystem with its own unique features. It offers trading, yield farming, lending, and more across multiple blockchain networks.
Key features include:
Native Token: SUSHI
Blockchain: Ethereum, with deployments on multiple EVM-compatible chains
Launch Date: August 2020
Fee Structure: 0.3% trading fee (0.25% to liquidity providers, 0.05% to SUSHI token stakers)
Trader Joe is the leading DEX on the Avalanche network, offering a comprehensive suite of DeFi tools including swapping, yield farming, lending, and NFT marketplaces.
Key features include:
Native Token: JOE
Blockchain: Avalanche
Launch Date: July 2021
Fee Structure: 0.3% trading fee (0.25% to liquidity providers, 0.05% to JOE stakers)
dYdX is a decentralized exchange specializing in perpetual and margin trading. It offers advanced trading features with the security and transparency of a DEX.
Key features include:
Native Token: DYDX
Blockchain: Initially Ethereum, now also on its own dYdX Chain (Cosmos ecosystem)
Launch Date: April 2019
Fee Structure: Maker-taker model with fees ranging from -0.02% (rebate) to 0.05%
| Exchange | Blockchain | Trading Fee | Unique Features | Best For |
|---|---|---|---|---|
| PancakeSwap | BNB Chain | 0.25% | Gamified interface, lottery, NFT marketplace | BNB Chain users seeking low fees |
| Uniswap | Ethereum + others | 0.01%-1% | Concentrated liquidity, multiple fee tiers | Ethereum users, large trades with specific fee needs |
| Raydium | Solana | 0.3% | Serum orderbook integration, fast transactions | Solana users seeking speed and low costs |
| SushiSwap | Multi-chain | 0.3% | BentoBox, Kashi lending, multi-chain deployment | Users wanting cross-chain DeFi solutions |
| Trader Joe | Avalanche | 0.3% | Liquidity Book, lending, NFT marketplace | Avalanche users seeking comprehensive DeFi tools |
| dYdX | Ethereum L2/Cosmos | -0.02% to 0.05% | Perpetual trading, advanced order types | Advanced traders seeking leverage and derivatives |
Decentralized exchanges continue to evolve rapidly, with several key trends shaping their future:
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