Sei stands out as the inaugural Layer 1 blockchain designed exclusively for trading, offering decentralized exchanges (DEXes) an unprecedented edge.
Within the realm of cryptocurrency, DEXes emerge as the standout application, extending their influence beyond Automated Market Makers (AMMs) and order books. They permeate various domains, including Non-Fungible Tokens (NFTs) and gaming. NFT trading on dedicated marketplaces and in-game token exchanges exemplifies the diverse applications of decentralized exchanges. These exchanges are pivotal in crypto games, providing users with built-in platforms to trade in-game NFTs and tokens. With the most extensive network effect, DEXes become central to the development of major ecosystems.
Paradoxically, decentralized exchanges also face notable underservice within the crypto space, requiring distinct levels of reliability, scalability, and speed unparalleled by other applications. The impact of downtime is especially critical for DEXes, as even a brief outage in a major exchange can have catastrophic consequences. Despite the historical challenges posed by existing Layer 1 blockchains, DEXes have thrived, showcasing resilience in the face of limitations.
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