Centralized exchanges vs. decentralized exchanges in cryptocurrency markets: A systematic literature review

S Hägele - Electronic Markets, 2024 - Springer
Research on cryptocurrency exchanges, consisting of both centralized exchanges (CEXs)
and decentralized exchanges (DEXs), has seen a significant increase in contributions in …

Demystifying just-in-time (JIT) liquidity attacks on uniswap v3

X **ong, Z Wang, W Knottenbelt… - 2023 5th Conference on …, 2023 - ieeexplore.ieee.org
Uniswap is currently the most liquid Decentralized Exchange (DEX) on Ethereum. In May
2021, it upgraded to the third protocol version named Uniswap V3. The key feature update is …

Predictable losses of liquidity provision in constant function markets and concentrated liquidity markets

Á Cartea, F Drissi, M Monga - Applied Mathematical Finance, 2023 - Taylor & Francis
We introduce a new comprehensive and model-free measure for the unhedgeable and
predictable loss (PL) incurred by liquidity providers (LPs) in constant function markets …

Market efficiency improvements from technical developments of decentralized crypto exchanges

C Alexander, X Chen, J Deng, Q Fu - Available at SSRN 4495589, 2023 - papers.ssrn.com
A decentralized exchange (DEX) records every transaction on a blockchain, so it is much
slower than a centralised exchange (CEX) which is only linked to a blockchain via a wallet …

Concentrated Liquidity in Ethereum Blockchain's Digital Asset Trading: Insights from Innovative Back-Testing Algorithms

K Luo, N **, J Ma - Computational Economics, 2025 - Springer
Blockchain has started moving to Ethereum, decentralised and open-source. One of the
most important application domains of the Ethereum blockchain is decentralised finance …