Decentralized exchanges (DEXs) have grown in popularity in the last few months. Users are majorly drawn to DEX platforms due to their lack of regulation by any central authority. Waves Exchange is a fast-rising DEX platform with a less popular native token. However, due to its meteoric rise, several investors now want to buy WAVES token.
Created in 2016 to improve on the early blockchain platforms, Waves has realigned its objective in the last five years. Now, it is aiming to create a burgeoning “cryptocurrency environment” and is the only DEX platform that runs on its own blockchain.
In the last 24 hours WAVES has surged 10%. However, this is not enough reason to hop in and buy WAVES. This article explores the WAVES performance year-to-date and what to consider before investing.