After centralized cryptocurrency exchange platform, decentralized exchanges are gaining significant traction. Decentralized exchanges generally refer to the use of distributed ledger protocols and applications. They enable crypto users to trade cryptocurrencies directly without requiring any third-party or centralized party dependence. Decentralized exchanges offer various potential advantages including lower transaction fees, lower counterparty risk, and a range of crypto trading pairs with greater liquidity. Given the increased demand for these features, the adoption of a decentralized crypto exchange is expected to witness significant growth in the development and usage in the future. In this blog, you can explore the architectural structure and benefits, performance, and security advantages of decentralized crypto exchanges.