Hidden Costs of Crypto Exchanges

Architectural Breakdown · Arbitrage Opportunities · Implicit & Explicit Costs

A trader deep in thought before price charts tagged impermanent loss, low liquidity, MEV and liquidity fragmentation

A series in 5 parts · start at the pin

  1. Part 01Is DeFi Really Eating Up Wall Street?1 Jun 2025
  2. Part 02CEXs Walked So DEXs Could Run! But, are they capable of running?30 Jun 2025
  3. Part 03Cracking Open the AMM Black Box3 Jul 2025
  4. Part 04Uniswap 101: Providing Liquidity, Earning Fees, and Facing The Risks!15 Jul 2025
  5. Part 05The Cost of Decentralization: Design Trade-offs in the DEX World26 Jul 2025