Decentralized exchanges have transformed the way people trade cryptocurrencies. Instead of relying entirely on centralized companies to hold funds, manage order books, and process transactions, DEXs allow users to trade directly through blockchain-based protocols.

Decentralized Finance, better known as DeFi, is one of the most important innovations to emerge from blockchain technology. It aims to recreate traditional financial services - such as banking, lending, trading, and investing - without relying on centralized institutions like banks or payment companies. Instead, DeFi uses smart contracts running on blockchain networks to allow users to interact directly with financi…