Liquidity Pool vs Order book

Yanda
4 min readMar 27, 2023

Thanks to the significant growth of decentralized finance (DeFi) in recent years, many DEXs have been created to fix problems that have always characterized centralized exchanges (CEXs), such as hacks and malicious operations, lack of privacy, deposit limits, intermediary issues, trust, and high fee costs.

This article focuses on the differences between order books and automated market makers and whether it is…

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