Decentralized Exchange (DEX) applications are an excellent solution for creating Peer-to-Peer (P2P) market applications on Blockchain for traders to operate their crypto funds without having to store them on the intermediary (centralized) trading platform.

DEX applications are popular due to their unalterable data, high security, low risk, and censorship resistance. The rise of Ethereum-based decentralized exchange applications has fueled the constant innovation in developing this technology, with most DEX source code making its way to open-source GitHub.