Digital currency made splashes in the 2010s with a promise of decentralization and ultimate user privacy. However, most well-known crypto exchange giants, like Binance or Coinbase, are CEXs by essence. It means they are centralized exchange platforms, offering custodial wallets to users and collecting user data. No privacy, no user control, and no genuine decentralization – that’s what the CEX use is.
Today, over 300 decentralized exchanges are online, each offering peer-to-peer exchange opportunities using the smart contract functionality. DEXs quickly rose in popularity, reaching overin trading volume in 2021 – an 858% increase compared to the 2020 stats. Despite the rising number of DEX projects, Uniswap remains the indisputable leader in the decentralized finance market, enjoying 75% of the total trading volume .
An innovative margin trading protocol using the isolated Uniswap V3 liquidity for margin limit orders.Automated limit orders that Uniswap V3 doesn’t support.These features are unique to existing DEXs, as none of them combines this toolkit under one roof. Even Uniswap V3, a well-known leader in the DEX niche, doesn’t feature limit orders, which means that users can only complete transactions based on the currently offered price.Now let’s see how everything works on TheTrade.