Decentralized exchange (DEX)
Plain definition. The decentralized exchange (DEX) is the XRP Ledger’s own exchange, where users can buy or sell fungible tokens for each other or for XRP.
Technical definition. The XRP Ledger’s decentralized exchange consists of an unlimited number of currency pairs, tracked on demand when users make trades. Trading orders take the form of offers, and each Offer ledger entry is an offer (order) to trade currencies in the decentralized exchange. Auto-bridging automatically connects order books through XRP as an intermediary when doing so reduces costs.
On this site
On this site, Decentralized exchange (DEX) comes up in What is auto-bridging on the XRP Ledger, and is it real or marketing?, How much trading happens on the XRPL DEX, and is it growing?, How much trading does XRPL DEX liquidity support relative to its size?, How much XRP Ledger activity is bots, spam or wash trading? and What features does the XRP Ledger have today, and what new ones (like lending) are coming?.
Source
# XRPL Developer Portal & Documentation (xrpl.org), read October 1, 2026.
Pages that cover Decentralized exchange (DEX)
- What should I watch instead of the XRP price?
- Where does XRP trade, and how much of its reported trading volume is real?
- What does the evidence say about how much XRP liquidity a share of global payments would need?
- How deep is XRP/RLUSD liquidity on the XRPL DEX?
- What is auto-bridging on the XRP Ledger, and is it real or marketing?
- What features does the XRP Ledger have today, and what new ones (like lending) are coming?
- How much XRP Ledger activity is bots, spam or wash trading?
- How much trading does XRPL DEX liquidity support relative to its size?
- How much trading happens on the XRPL DEX, and is it growing?
- Why does liquidity depth matter for XRP as a bridge?