Decentralized Exchange Security refers to the measures and practices that safeguard the operations of decentralized exchanges (DEXs) where trading happens directly between users without intermediaries. These platforms utilize blockchain technology to facilitate peer-to-peer transactions, making security crucial.One of the primary security features is smart contract auditing. Since DEXs rely on smart contracts to execute trades, bugs or vulnerabilities can lead to significant financial losses. Regular audits by third-party experts help identify and fix these issues.User asset protection is another important aspect. Many DEXs enable users to maintain control of their private keys, reducing the risk of hacks that often target centralized exchanges. However, this means that users must also take responsibility for their own security practices.Decentralized governance can enhance security by allowing the community to propose and vote on changes, improving transparency and reducing the risk of central points of failure. Lastly, using liquidity pools ensures that trades can be executed efficiently while maintaining safety by spreading risk among multiple participants.