EtherDelta is a decentralized exchange primarily focused on trading Ethereum-based tokens. Unlike traditional exchanges that rely on a central authority, EtherDelta operates on smart contracts, allowing users to trade directly from their wallets without the need to deposit funds.Users can place limit orders to buy or sell tokens, which remain on the platform until matched with another user’s order. This setup enhances security since traders maintain control of their private keys. EtherDelta supports a wide range of ERC-20 tokens, making it a popular choice for those looking to trade less common cryptocurrencies.Although EtherDelta gained attention for its decentralized model, it faced challenges, including slow transaction speeds and a complex user interface that could be intimidating for beginners. In late 2018, the platform was acquired and underwent updates, including a more user-friendly interface and improved functionality. Overall, EtherDelta represents an important step in the evolution of trading platforms by prioritizing user control and decentralization.