The Role of Decentralized Exchanges (DEXs) in the Future of Financial Trading: Global Trends and Tamil Nadu Perspectives

Abstract

The rise of decentralized exchanges (DEXs) heralds a paradigmatic shift in financial trading—from reliance on centralized intermediaries to peer‑to‑peer, trustless systems undergirded by blockchain and smart contracts. This article explores global trends in DEX innovation, the growth of decentralized finance (DeFi), and the evolving role of DEXs in reshaping capital markets. It also analyzes India’s adoption trajectory, regulatory context, and early indicators from Tamil Nadu, including blockchain governance initiatives and nascent fintech activity. Simulated and reported data are integrated to provide projections and policy implications.