The total value locked (TVL) in decentralization finance has recently leaped past the $80 billion mark, acquiring heights not achieved since the descent of Terra’s stablecoin in May 2022. The Decentralized Exchange Software market is also struggling to keep up with the pace of dominant centralized counterparts by offering exclusive utility benefits to the users. The top 10 DEXes (Decentralized Exchanges) observed about $205.3 billion of total spot trading volume in the last quarter of 2023, recording a spike of 87.1%.
Even if centralized exchanges dominate the market, Decentralized Crypto Exchange Software solutions are continuously innovating to eschew intermediaries from the crypto trading ecosystem without causing any sort of inconvenience to traders. One of the technologies fostering the growth of decentralized trading ecosystems is rollups. These groundbreaking technologies allow DEXes to attain high scalability without compromising decentralization or security. In this blog, we will dive deeper into how a defi exchange development company can harness zero-knowledge or zk Rollups to enhance the performance of DEXes.