Top 3 Decentralized Exchange (DEX) tokens under $25M market cap to watch in December 2022

A decentralized exchange, as the name suggests, is a platform that allows users to trade, exchange, or perform any type of transaction without the need for an intermediary. Decentralized exchanges are part of the Decentralized Finance (DeFi) ecosystem. While the Crypto market is screaming for self-custody, here are some DEX tokens you should consider having in your portfolio or even using their platforms. Decentralized Exchange (DEX) tokens have a total market cap of $11,204,028,711 and a total trading volume of $1,242,178,391.

Note: This list is sorted by market capitalization from lowest to highest

AirSwap (AST)

• Price unit: $0.1071
• Market Cap: $18,730,552
• Notable Features: The AirSwap peer-to-peer network combines on-chain settlement through an atomic swap with off-chain negotiations.

According to his website AirSwap is an Ethereum powered decentralized peer-to-peer token trading network. AirSwap’s goal is to make token exchanges easy, free, and secure. Its purpose is to enable people to trade freely and globally. The swap protocol is implemented by AirSwap, which currently offers Instant, Spaces, and DexIndex products.

AirSwap is a DAO with a focus on decentralized trading platforms. Everything they create is geared towards their goal and is usually rated on how well it affects the stability and trading volume of the network.

Some advantages of AirSwap include the following:

• non-custodial; Unlike a centralized exchange, AirSwap does not hold any money in its possession.
• No registration restrictions; Users do not need to register and no private information is collected.
• no slipping; AirSwap prices are accurate, so you only pay for what you see.

Exchange: AST is currently traded live on Binance, OKX, XT.COM, Huobi and Gate.io.

FAST FAST)

• Price unit: $0.02452
• Market Cap: $22,927,506
• Features: Vite uses asynchronous transaction sending and receiving to create cheap smart contracts with instant confirmations.

Fast is a lightning-fast, fee-free blockchain built for the decentralized economy. Without sacrificing the free and fast advantages of Web2, you can create Web3 here. Vite’s DAG-based smart contract blockchain offers zero-fee, super-fast transactions while still being EVM-compatible.

Vite’s current tools include:

• ViteBridge: ViteBridge is a universal and decentralized cross-chain transmission protocol for connecting all blockchains.
• ViteX Exchange: ViteX is a decentralized exchange with its own native token, VX.
• Vite App: a multipurpose wallet application.

Vite uses a fee-free transaction model. By eliminating DAG’s bugs, Vite uses a novel snapshot chain to increase the security of all transactions.

Exchange: VITE is currently trading live on Binance, Bitrue, XT.COM, BTSE and CoinEx.

Ellipse (EPS)

• Price unit: $0.03312
• Market Cap: $23,923,535
• Distinctive Features: The main objectives of the EPX token are to reward Ellipsis.finance liquidity providers and give consumers access to incentive distribution.

ellipse is a decentralized exchange and authorized fork of Curve Finance on the BNB chain, which mainly addresses three issues: providing efficient, low-priced swaps, yields for token holders in a secure, well-tested environment, and a way for logs, to significantly develop liquidity for their tokens.

Ellipsis is an Automated Market Maker (AMM) or exchange that allows users and other decentralized protocols to trade tokens (like BUSD to USDC) with low slippage and low costs.

Ellipsis uses liquidity pools as opposed to exchanges that match buyers and sellers. Ellipsis requires a large number of liquidity (tokens) in the pools to achieve successful exchange volume and less slippage.

Ellipsis compensates liquidity providers with EPX tokens to encourage them to deposit liquidity into its pools.

Exchange: EPS is currently traded live on Bitrue, Gate.io, KuCoin, Bitcoiva and PancakeSwap (V2).

Disclosure: This is not trading or investment advice. Always do your research before buying cryptocurrencies or investing in projects.

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