November 3, 2021
Since the year 2020, we have seen a lot of Decentralized Exchanges (Dex) being created, an Automated Market Maker and many with their own tokens, a governance token which helps the users of a particular Dex to vote on what happens on the Exchange, farm it, provide liquidity pairs with it and recently, more benefits has been added to some Decentralized Exchanges like Lottery, prediction and NFTs which individuals can only participate in with the Dex token.
This has caused the price of many Dex tokens like UNI, CAKE, ANY, SUSHI, QUICK and OCTO to increase in prices as people use these platforms.
That brings us to Top 10 potential Dex tokens that will go parabolic very soon.
1INCH
1inch is a distributed network for decentralized protocols enabling the most lucrative, fastest and protected operations in DeFi.
The team has been working, building products to make their Dex stand out from it's competitors and we have recently seen a 6 percent increase in price in the last 24 hours and we believe it is in for a race.
ApeSwap
ApeSwap is a leading decentralized exchange on Binance Smart Chain and Polygon focused on offering a premier trading experience for individuals.
With the support coming in from new investors and partnerships, we hope to see Banana breaking ATH.
GameSwap
GameSwap is a decentralized exchange that enables millions of gamers to easily trade and cash out in-game assets with crypto.
With the trending news surrending NFTs and the Metaverse, investors are supporting more Gaming projects and Gswap is not left behind.
BabySwap
BabySwap is a DEX for newborn projects on Binance Smart Chain (BSC), providing a more friendly trading experience and better project support.
Moving from being just a swap Dex to becoming a Metaverse is a whole new level of growth for the project token to see ATH.
FastSwap
FastSwap is a decentralized exchange for erc20 Token and cross-chain swap powered by Polkadot.
Building slimly products that users can benefit from is what Defi is all about and Fast is here to support that goal.
LeonicornSwap
LeonicornSwap is an advance automated market maker with dual token model built on binance smart chain.
After waiting for few months, the team launch the Dex in October and received a huge support from it's community, having more than $28 million trading volume in just few hours after launch. With so many things yet to be done, we believe this project is in for a long run.
Serum
Serum is a protocol for decentralized exchanges that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and is completely permission less.
With new products and liquidity mining programs being set, we see a lot people building around Serum taking the project token to the next level.
BreederDODO
DODO is a decentralized exchange running on the Ethereum and binance smart chain, a proactive market maker with an advanced pricing formula that provides Contract fillable liquidity.
Being around for a while now, the DODO project has gained a lot of attention, building and releasing products to it's community, providing areas for everyone to benefit from.
SpiritSwap
SpiritSwap is a decentralized exchange (DEX) on the Fantom Opera Chain. SpiritSwap design is based on the Uniswap constant-product automated market maker (AMM).
Making use of low fees on Fantom Chain, the Dex has gained community support and with the token being listed on Cex will sure boost the growth and price of Spirit.
ChainSwap
ChainSwap is a cross chain asset bridge and application hub for smart chains.
Currently building a cross-chain for NFTs and working on other products to build hype around the Dex token while connecting users between Chains.