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The Problem With Decentralized Exchanges—And How To Solve It

Despite the proven economic value of decentralized exchanges (DEXs)—Uniswap, for example, recently traded more than $440 million in just 24 hours—they come with some serious baggage that’s hindering the growth of decentralized finance (DeFi).
The requirement to process orders through smart contracts causes latency, a lack of liquidity leads to price slippage, and high transaction costs are a barrier to wider adoption.
Some exchange operators have stepped in with solutions that aim to help lower the barrier to entry for people with fewer crypto assets. But democratizing access to the crypto economy has created another intractable challenge tied to decentralized exchanges, and that’s cross-chain bridging.
Because tokens can be listed on multiple exchanges, traders need to transfer their coins between chains before they’re able to do anything with them—and that can be costly, not to mention an unpleasant user experience.

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