Decentralized exchanges have become more prevalent in recent years. The DEX ecosystem is as solid and attractive as it involves various positive features such as emerging composability, optimized usability, and deeper liquidity. So no wonder DEX projects become potential investments. It already takes the main stage and maybe on the way to being the financial world’s mainstream.
Still, many uses CEX as DEX is not the only option to participate in the crypto marketplace. However, learning about this sector and its projects is mandatory when adopting this new platform. This article will list the best five DEX crypto projects worth buying.
Can you make real money with DEX projects?
DEX platforms enable several options to make money for any individual around the globe. People can make money from these platforms according to their skills and ability.
How to earn with DEX projects?
Among many options in DEX platforms, the most apparent option is earning money by becoming a liquidity provider. In this way, individuals submit their coins into the DEX pool and enjoy revenues from the platform. You can choose other options like staking, NFT support, lotteries, etc. We suggest checking all available options of the target DEX platform before starting.
How to start?
Starting with any DEX platform depends on what type of participant you are. You can open a crypto wallet and start performing as a liquidity provider by depositing your coins to a platform. Otherwise, you can perform staking, achieve rewards as an NFT developer, etc. Before starting, check on several factors, such as:
- Slippage factor of the platform
- 30-day volume
- Audit history
- Social presence
- Custody
- Beta mode
Ten best DEX crypto projects
Many DEX projects are available for individuals. We list the best ten among them according to potentiality, popularity, etc. parameter
- Uniswap (UNI)
- SushiSwap (SUSHI)
- dYdX (DYDX)
- PancakeSwap (CAKE)
- Curve (CRV)
- MDEX (MDX)
- BurgerSwap (BURGER)
- Open Ocean (OOE)
- HoneySwap (HNY)
- JustSWap (JUST)
The following section will highlight the best five among these DEX projects.
Uniswap (UNI)
Market cap
Fully diluted market cap: $10,296,935,934
Live market cap: $6,495,321,681
UNI price is floating near $10.26 today with a 24-H trading volume of $178,030,027.
Summary
Uniswap facilitates the automated trading of Defi tokens, making it a popular decentralized trading protocol. Hayden Adams is the creator of this platform, and the launching period of Uniswap is Nov 2018. The circulating supply is 630,801,407.56 UNI. Meanwhile, the total supply and maximum supply are the same 1,000,000,000 UNI.
UNI price forecast 2022
UNI price reaches a good support level after being on a downtrend since 2022. Many crypto experts anticipate the price can reach near $20.88 by Dec 2022.
UNI price forecast 2025
For the long-term forecast, many crypto analysts expect to trade UNI near $73.39 by 2025.
SushiSwap (SUSHI)
Market cap
Fully diluted market cap: $1,000,048,905
Live market cap: $509,002,663
The native coin of this platform, SUSHI, is floating near $4.01 today with a 24-h trading volume of $143,797,956.
Summary
SushiSwap lunches as a fork of UniSwap, and the launching period is Sep 2020. The circulating supply is 127,244,443.00 SUSHI. Meanwhile, the total supply is 239,921,538 SUSHI, and the max supply is 250,000,000 SUSHI.
SUSHI price forecast 2022
This platform became popular within a short time. Many experts believe the price of SUSHI will reach near $5.96 by Dec 2022.
SUSHI price forecast 2025
SUSHI is the potential for making a long-term investment. According to many crypto analysts, the SUSHI token price cat hit a $12 mark by 2025.
dYdX (DYDX)
Market cap
Fully diluted market cap: $5,706,028,864
Live market cap: $374,140,290
The native token of this platform DYDX price is floating near $5.70 today with a 24-H trading volume of $109,232,758.
Summary
DYDX is a layer two protocol governance token for eponymous non-custodial decentralized cryptocurrency exchange. The circulating supply is 65,569,295.00 DYDX. Meanwhile, the total and max supply are the same 1,000,000,000 DYDX.
DYDX price forecast 2022
Many crypto experts believe the price of DYDX can reach near $9.12 by Dec 2022.
DYDX price forecast 2025
DYDX can be a potential long-term investment as many crypto analysts anticipate the price to reach near $27.69 by 2025.
PancakeSwap (CAKE)
Market cap
Fully diluted market cap: $1,877,944,703
Live market cap: $1,862,307,827
The native token of this platform CAKE price is floating near $7.02 today with a 24-H trading volume of $118,175,736.
Summary
PancakeSwap is a DEX platform that allows exchanging crypto coins and provides liquidity. Users can earn fees and provide liquidity via farming. The circulating supply and the total supply are the same 264,389,199.24 CAKE. Meanwhile, the max supply is unavailable.
CAKE price forecast 2022
CAKE token can reach at $35 mark till Dec 2022.
CAKE price forecast 2025
Many crypto analysts predict the price of CAKE can reach near $45.67 by 2025.
Curve (CRV)
Market cap
Fully diluted market cap: $9,933,594,612
Live market cap: $1,378,002,847
The native token of this platform CRV price is floating near $3.00 today with a 24-H trading volume of $301,479,712.
Summary
The designing purposes of this DEX liquidity pool are to provide an extremely efficient exchange platform, low risk, stable coin trading, low slippage, and free income for liquidity providers. The circulating supply is 458,201,218.54 CRV. Meanwhile, the total supply is 1,682,739,369 CRV and the max supply is 3,303,030,299 CRV.
CRV price forecast 2022
According to many analysts, the CRV price will hit $10 by Dec 2022.
CRV price forecast 2025
Many crypto experts anticipate the price of CRV can reach near $35 by Dec 2025.
Pros & cons
| Pros | Cons |
| DEX requires no mediatory for transections. | No recovery ability. So you can lose everything by losing your password. |
| It requires no ID/KYC verification. | Often provide limited trading functionality and limited speed. |
| It allows exchanging of all crypto tokens. | Users are still suffering from many scalability issues. |
Final thought
DEX is a doubtless solution to peer-to-peer transactions without any counterparty. Decentralized exchange is a futuristic solution to many issues of CEX. However, check the following factors to select the best one before choosing any DEX project.