Sei

SEI is the first Layer-1 blockchain network that has optimized its stack and features to ensure that it is the most adapted for decentralized trading, DEXs, and DeFi. Decentralized exchanges (DEXes) are blockchain-based exchanges where transactions occur directly between users, eliminating the need for intermediaries. DEXes provide greater security and privacy, as users have complete control over their funds, and transactions are recorded on a public blockchain. Generally, they use an automated market maker (AMM) system to determine token prices based on supply and demand, allowing for continuous trading and liquidity.