Decentralized exchanges (DEXs) are platforms built on blockchain networks (often Ethereum, BNB Chain, Solana, etc.) that facilitate peer‑to‑peer trading of tokens without centralized intermediaries. Instead of depositing funds into centralized wallets, users retain control of their assets and execute swaps directly via smart contracts. Key benefits include enhanced privacy, fewer intermediaries, and often lower fees, though liquidity and slippage can vary. Governance tokens tied to DEX platforms may provide holders with voting rights, liquidity incentives, staking opportunities, and fee‑rebate mechanisms. Below are five DEX‑related tokens under $10 million market capitalization. Note: This list is sorted in no particular order. All data
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