Lesson 56 of 1,000 · DEFI & CEFI
#56 10 Decentralized Exchanges To Explore
A tour of ten DEXs worth knowing, what each is good at, so you can pick the right venue for any trade.
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The unedited walkthrough for lesson 56 is not on the shelf yet. Read the lesson notes below in the meantime.
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- UnlockTrade on an order book anyone can auditHyperliquid runs a fully onchain order book, so every order, fill and liquidation is publicly visible.
- UnlockEarn points on two perp DEXs with one hedged positionGo long on one venue and short the same size on another. Price moves cancel out, and both venues count your activity. Lighter charges retail traders zero fees, so it makes a cheap leg.
- SolutionHow to learn trading with little moneyYou can learn trading for free before risking a cent. Ride free practice rounds on Hyperider, try Hyperliquid's testnet with mock USDC, and watch its public order book like a live textbook. Start a small study group that reviews one trade a week. No tool here promises profit.
- UnlockCollect free points on new perp DEXs before your first tradeSome venues hand out points just for showing up: Dreamcash counts every phone trade double toward its weekly XP pool, Bullpen pays for connecting X, GTE's waitlist pays 25 per verified follow, and Senpi gives free AI agent credits.