Introduction to On-Chain Trading

What You’ll Learn

• Definition of on-chain trading: transacting funds on a blockchain where the transaction is processed, settled, verified and validated
• Prominent decentralized exchanges (DEXs) like Uniswap, Jupiter, Balancer, Radium, Orca, Curve, Thorswap, Pancakeswap
• Relationship between DEX trading volume and demand for the base tokens of the blockchain the DEX operates on (e.g. ETH, BNB, SOL, etc.)
• Factors for choosing a DEX: part science, instinct and due diligence. Look at things like audited open source contracts, features, liquidity.
• Notable DEXs and their features:
  
  • Uniswap: audited open source contracts, derivatives (on dYdX)
  • Jupiter: DEX aggregator on Solana, settles trades across exchanges
  • Others mentioned: Orca, Curve, Pancakeswap, Meteor, Thruster, Apex, Helix, Camelot, Dodo, Trader Joe, Aerodrome Finance, Osmosis
• Importance of viewing exchanges in a unified way through trading terminals