Decentralized exchanges (DEXs) have made significant technological advancements in recent years as the cryptocurrency market has matured. These innovations have helped traders and liquidity providers minimize slippage and impermanent losses, as well as address the issue of fragmented liquidity through smart routing solutions.

The “DEXscape: Scaling, Innovating, Aggregating” report from Cointelegraph Research explores the current trends shaping the DEX industry and its future outlook. From automated market maker (AMM) mechanisms to zero-knowledge proofs and smart routing, the report highlights potential solutions that could revolutionize the industry and enhance the trading experience for users.

In assessing the 24-hour liquidity turnover ratio (LTR) for popular DEXs utilizing various AMM mechanisms, Dodo and Perpetual Protocol have shown the highest LTR, indicating increased activity compared to other protocols. Aggregators play a crucial role in addressing fragmented liquidity by unifying DEXs and liquidity pools.

The report also emphasizes the growing popularity of aggregators, which now account for over 20% of decentralized trading volume. Collaborators on the report, such as Native Labs, Helix Markets, QuickSwap, and Velvet Capital, have contributed breakthrough solutions to the DEX space.

Cointelegraph Research is led by a team of experts with diverse backgrounds in finance, business, technology, and research. The team is committed to delivering accurate and insightful content that represents the highest standard of information available in the industry.

It’s important to note that the opinions expressed in this article are for general informational purposes and do not provide specific advice or recommendations on individual investments. For more detailed insights, access the full report on Cointelegraph Research for free.

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