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%.