Trending New Decentralized Exchanges you can start with White-label Software

white label decentralized exchange

Decentralized exchange (DEX) is the primary alternative to crypto trading platforms in the crypto space. Crypto trading comes with a certain level of anonymity due to the inherent specifications of the underlying blockchain technology. But with the most successful marketplaces in the crypto space becoming more centralized, active traders are including DeFi services in their portfolios. 

The primary reason why DeFi exchanges struggled despite its revolutionary idea is the lack of liquidity and speed. After more than half a decade in business, with most of it dedicated to innovation, the DeFi space is garnering the trust factor. The trust factor is vital. The entire monetary system of the world runs on trust, so this approach is starting to pay off for the DeFi space. 

Mass adoption of crypto is still underway. And when it comes full circle, decentralized financial instruments will be one of the massive monetary sectors of the new era. So, a DeFi exchange is a business that has the potential to flourish in the new world.

And this is where one must consider using a white-label DEX solution to get started. 

White label decentralized exchange Software: An Instant Solution for Business

All crypto exchanges are online digital platforms. And like anything online, you need software to start and run it. But what software would you use to run a DeFi exchange? The ideal answer is white-label decentralized exchange software. 

But why? You might ask. Allow me to make the case.

What is better? Building software from square one or using pre-existing software? Why spend hundreds of thousands of dollars on building new software when you can use a pre-tested product for a fraction of the price? And this does not even include the sheer time it takes to create viable software without bugs. 

And this is where white-label decentralized software comes into play. White label software is a pre-tested, readymade DEX solution. Imagine it as the operating system for your online exchange. All you must do is host it on a domain and integrate it with a blockchain, and you can have a DEX exchange platform up and running in under a week.

Trending New DEX Platforms 

Here is a list of all the trending DeFi exchanges in the market that white-label decentralized exchange software can be customized to fit.

  • Uniswap (V3)
  • dYdX
  • DODO
  • Curve Finance
  • Jupiter
  • SushiSwap
  • THORChain
  • Biswap
  • Sun.io
  • ShibaSwap

Uniswap V3 

Uniswap V3 launched in May 2021, roughly two and a half years after the initial launch of the Uniswap network. One year later, in May 2022, Uniswap V3 reached the milestone of 1 Trillion dollars in collective trading volume. The V3 protocol aimed to solve the liquidity crisis prevalent in the DeFi space. 

With over 58K Bitcoins held in reserve as security for liquidity and a daily trading volume of $1.1 Billion, Uniswap stands at the top of the list. 

dYdX

dYdX is a layer two protocol based on zk-Rollup technology. Its market focus is on cross-margined perpetual products in the crypto derivatives industry. Launched in February of 2021, it has quickly grown into one of the most used DeFi ecosystems. dYdX now offers trades with zero gas fees, lower trading fees, and reduced trade limits for its users. 

With over 25K Bitcoins held in pools providing liquidity and security for its users, it boasts a daily trading average of $850 million. Thus, making dYdX one of the leaders in Decentralized Finance. 

DODO 

Dodo is an ETH-based DEX exchange with a ‘proactive market maker,’ a customized rendition of the AMM model. It aggregates liquidity from other crypto exchanges in the market while also providing from its pool. Dodo provides gasless swap routes for market makers to ensure higher liquidity. This method is more effective than the regular AMM model.

Dodo DEX exchange improved on pre-existing methods with innovative ideas and has succeeded. With over a hundred million in daily trading volume, Dodo has climbed the top ranks of the DeFi space. 

Curve Finance

Curve Finance is a DEX that uses the Order Book model for stablecoin trading. It is a multi-chain ecosystem that supports several networks like Ethereum, Avalanche, Polygon, Optimism, Harmony, Arbitrum, xDAI, and Fantom. With decentralized liquidity pools to ensure deep liquidity, it is the go-to exchange for stablecoins. 

Launched as a StableSwap invariant in June 2020, the DEX ecosystem has stepped into the top ten DeFi exchanges in trading volume and market capitalization. 

Jupiter

Jupiter is a decentralized exchange running on the Solana network. It is a liquidity aggregator that connects liquidity pools and AMM markets in the DeFi space. With protocol bridged with other networks, it is the biggest DeFi exchange in the Solana ecosystem.

Since its launch in October 2021, the Jupiter aggregator protocol has already raked over $20 billion in cumulative trading. And it consistently brings in over $20 million in daily trades. This DEX is one to watch.

SushiSwap 

SushiSwap needs no introduction, one of the well-known DEX platforms online. Initially created as a fork of the UniSwap DEX, it grew into one of the biggest DEX in the DeFi space. Running on the Ethereum network, it is compatible with almost all EVM-based layer one and two blockchains. With robust governance and a high TVL, it is one of the most popular DeFi exchanges in the market today.

The exchange targets traders in the DeFi space that want to enjoy permissionless and non-custodial trading. At its peak, it had a market capitalization of over $1.2 Billion and brought in over $1 Billion in daily trades. Even in a bear market such as this, Sushi nets over $23 million in trading volume. 

THORChain

Thorchain is one of those exchanges no one expected to grow this big or this quickly. ThorSwap is a multi-chain DEX aggregator platform built on THORChain’s cross-chain liquidity protocol. 

The cross-chain technology behind the ThorSwap DEX is the first of its kind in the crypto space. Its unique, easy-to-use ecosystem has garnered the attention of DeFi traders across the globe. Collectively, THORChain brings in over $30 million in transaction volume. 

Biswap

Biswap is a decentralized exchange built on the BNB Chain. Following the AMM model, it allows users to trade against liquidity pools, yield farming, and transaction fee mining. Biswap has an inbuilt NFT launchpad and marketplace, which allows its users to swap NFTs. 

Thanks to the user base of the Binance ecosystem, Biswap has grown exponentially since its launch last year in July. With a market capitalization of over $100 million and a daily trading volume of over $11 million, it is one of the recent success stories in the DeFi space. 

Sun.io

Sun.io, formerly known as SunSwap, is one of the only two existing DEX exchanges in the TRON blockchain. With the blockchain finally picking up pace in its growth thanks to its user-friendly and business-friendly ecosystem, Sun.io has become a competing exchange in DeFi. 

Sun.io uses a proprietary AMM model with an algorithmic smart-contract system. Having not accepted any funds to start the exchange, it has grown purely on the trust of its users. With over 500 Bitcoins in reserve for liquidity and security, it now boasts a market capitalization of over $60 million and a daily trading volume of over $10 million. 

ShibaSwap 

ShibaSwap is the DEX of the infamous Shiba Inu meme coin. Launched in November 2021, it is one of the most used decentralized exchanges today. Like Shiba Inu, ShibaSwap focuses on the fame of meme coins and metaverse tokens. The rarity of the crypto tokens listed on the Swap incentivizes its users to flock to ShibaSwap. 

With a token market cap of $7.6 billion, a TVL of over $50 million, and a daily trading volume of $20 million, it is one of the quickly expanding DeFi exchanges.

The above list of DeFi exchanges represents the business options; entrepreneurs have for starting a business with white-label decentralized exchange software. 

The DeFi market’s slow growth to long-term sustainability is a blessing for crypto startups and traders. With the ever-growing demand for crypto, mass adoption is already underway. By 2040, an estimated one in ten people will be using cryptocurrencies. That’s around 800 million people, by a conservative estimate. Believe it or not, the DeFi market has nowhere to go but up. 

And this is why you need the assistance of a trustworthy white-label exchange software provider like Coinsclone to build your DeFi exchange.

Why choose Coinsclone as your technical partner?

There are so many options when it comes to white-label DEX script providers or crypto software developers. But what makes us unique?

We at Coinsclone have over half a decade of experience in this crypto field. coinsclone can help you build a robust, bug-free, decentralized crypto trading platform with our white-label products at the best affordable price. coinsclone employ a dedicated team of subject matter experts, UI/UX designers, software specialists, and blockchain engineers specializing in smart-contract programming and blockchain-based applications. 

COINSCLONE are more than just a white-label software provider or a software development company. We are also a dedicated technical support firm for your crypto business. 

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