Decentralized Finance (DeFi) is an application of the crypto blockchain created to disrupt how financial transaction services take place in the everyday world by making them easily accessible in the digital world. Whereas, Decentralized cryptocurrency exchange (DEX ) is the activity where both the buyer and a seller process their digital financial transactions directly, the transactions are also referred to as peer-to-peer trades.
Decentralized cryptocurrency exchange (DEXs ) functions are made possible with the help of a Decentralized Finance (DeFi) application on the crypto blockchain. The application can ensure direct cryptocurrency transactions from one crypto wallet to another. Examples of DEXs that benefit from the DeFi applications include Uniswap and Sushiswap.
