Centralised exchanges have done a great job at promoting cryptocurrencies, enabling individuals across the globe - including the 1.7 billion unbanked people in developing nations - to access alternative assets and new forms of money.
However, it’s decentralised exchanges (DEXes) that further build on the promise of decentralization. DEXes, along with the entire Decentralised Finance (DeFi) sector, give users even more freedom and control over their finances. Dexes built on Algorand support a fair economy that is built upon inclusion and equality.
Decentralised exchanges built on Algorand benefit from the unique features of the Algorand network, scalability, decentralisation and security. Algorand's low transaction fees also facilitate lower commissions that eventually benefit liquidity providers rather than the blockchain network itself. On top of that, Algorand is exceptionally fast, with each transaction reaching finality in less than 5 seconds.
Algofi is a decentralized lending protocol and stablecoin built on the Algorand blockchain.
Tinyman is a decentralized trading protocol which utilizes the fast and secure framework of the Algorand blockchain.
Algodex is a highly decentralized marketplace with the orderbook completely on the Algorand blockchain itself.
Humble DeFi is a one stop shop Defi suite. The first product, Humble Swap is an AMM style exchange that allows you to swap, pool and earn on your assets.
AMM, with users now able to officially swap their crypto on the protocol. Pact offers liquidity providers back 100% of liquidity pool fees they accumulate.
Alammex, a DEX aggregator, searches for quotes across Tinyman, Algofi and Pact, and combines them to give you the optimal price for your swap.
Defly is an all-in-one mobile application that includes charts, swaps, stats, with full Algorand composability.