SOL Wallet ShadowAll Terms
Glossary

What is DEX (Decentralized Exchange)?

A cryptocurrency exchange that operates without a central authority, allowing peer-to-peer token swaps directly on the blockchain.

A DEX (Decentralized Exchange) is a platform for trading cryptocurrencies that runs on smart contracts rather than being operated by a company. On Solana, popular DEXs include Raydium, Orca, and Meteora.

How DEXs Work

Unlike centralized exchanges (Binance, Coinbase), DEXs:

  • •Run entirely on the blockchain via smart contracts
  • •Don't hold your funds (non-custodial)
  • •Don't require accounts or KYC
  • •Allow anyone to trade any token that has a liquidity pool

DEXs on Solana

Solana's high speed and low fees make it ideal for DEXs:

  • •Raydium — The largest Solana DEX with deep liquidity
  • •Orca — Known for user-friendly concentrated liquidity pools
  • •Meteora — Dynamic liquidity pools with auto-compounding
  • •Phoenix — Order book-based DEX for limit orders

DEXs and Copy Trading

All trades in SOL Wallet Shadow execute through DEXs via Jupiter aggregator. When a whale trades on any Solana DEX, your copy trade is routed through the best available DEX for your trade size.

Related Terms

Jupiter Aggregator

The leading DEX aggregator on Solana that finds the best swap routes across multiple decentralized exchanges for optimal pricing.

Liquidity

The amount of capital available in a trading pool that determines how easily a token can be bought or sold without significantly affecting its price.

AMM (Automated Market Maker)

A protocol that uses mathematical formulas and liquidity pools to facilitate token swaps without traditional order books or intermediaries.

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