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Showing posts with the label DEX

Hyperliquid Explained: HyperCore, HyperEVM and Trading Risk

Hyperliquid combines an order-book trading system with a general-purpose smart-contract environment on one Layer 1 blockchain. Understanding the connection is useful; it does not establish that the p…

Tokenization in Practice: DTC, BUIDL and Repo Evidence

Compare DTC, BUIDL and a repo platform by the rights represented, who can participate and how transactions settle. Use the dated examples and worksheet to separate announcements, operating evidence …
Tokenization in Practice: DTC, BUIDL and Repo Evidence

Perp DEXs Explained: Funding, Margin, Liquidations and Venue Risk

Use funding and margin examples to understand a perpetual contract. Learn how exposure, collateral and liquidation rules interact before comparing trading venues. A perpetual is a contract, not a…
Perp DEXs Explained: Funding, Margin, Liquidations and Venue Risk

P2P Crypto Explained: Settlement, Verification and Total Costs

Reviewed 19 October 2026. A P2P offer involves more than a quoted crypto price. This guide separates identity checks, fiat payment, crypto release and the total cost of settlement so you can evaluat…

Dark Pools Explained: Hidden Orders, Execution Quality and Crypto Comparisons

Reviewed and updated: October 19, 2026. A dark pool conceals some trading interest before execution. That can reduce information revealed by an order, but it does not guarantee a better price, a com…

DEX Comparison Lab: Uniswap v2 and Curve StableSwap

Two pools begin with the same balances. One swap uses Uniswap v2's constant-product rule; the other uses Curve's original StableSwap invariant. Calculate both outputs, add transaction costs…

How DEXs Work: AMMs, Order Books and Aggregation

Follow how an AMM, an order book and an aggregator each assemble a trade. Identify where orders, prices and settlement live before assuming two DEXs behave alike. Three mechanisms, several separa…

CEX vs DEX: Compare Custody, Execution and the Complete Trade Route

Reviewed and updated: October 19, 2026. A centralized exchange and a decentralized exchange can both help someone trade assets, but the word exchange does not describe the entire journey. A fair com…
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