Best Cardano Dex Projects

SundaeSwap
SundaeSwap is the sweetest decentralized exchange on Cardano and aiming to be the platform for future financial innovation.

Minswap
Minswap is a community-centric DEX has pioneered several ideas in the Cardano ecosystem such as the FISO model, touted as the fairest ISO model in the Cardano community

MuesliSwap
Muesliswap is the first decentralized exchange on Cardano, providing the Cardano community with a smart contract-powered trading platform since November 2021
What Is a DEX (Decentralized Exchange)?
DEXs are both peer-to-peer and open order book based exchanges which allow users to trade cryptocurrencies and other digital assets, directly with each other. They are decentralized protocol that allow users to trade cryptocurrencies in a non-custodial manner without the need for an intermediary