We often talk about exchanges in crypto market and if we deep down further then we know that there are two type of exchange is available currently. When is called centralised change and the other one is called decent life exchange and both work on a different model.
Any change that is controlled by nntt is called centralised exchange and in this exchange the entire power remains in the hand of that entity which runs exchange. On the other hand in decentralize exchange the working model is completely different where no legal entity is involved and the entire operation runs on the customer and user base. In Central we need not to use the non custodial wallets because the entire authority remains in the control of exchange and we need to deposit over funds. While in decent like exchanges the control of funds remains with the because we need to collect the non custodial wallet in the platform to perform the trading activities.
In this snapshot you can see that there are top 10 decent like exchanges are not of these top 5 exchanges are from the uniswap on different blockchain network. Pancake swap is the top exchange with the volume of over billion dollars in a day following by some other but on last 5 exchanges uniswap is there.
Even on the third spot UNISWAP is there so altogether we can say that in top 10 exchanges uni swap is leading with the count of exchange is because this platform is available on multiple change and this is the time in multi change or support it were people get the flexibility to trade on those exchange is even if they have assets on different blockchain network.
Thank you so much for stopping by and if you like my content, please vote and share your thoughts in the comments section:
10% beneficiary to Tron-fan-club