EtherDelta
EtherDelta launched in 2017 after being founded by Zack Coburn and the decentralized trading platform soon became a hub for traders of Ethereum and any ERC-20 tokens. The exchange utilizes smart contracts that are responsible for managing deposits, trading, and withdrawals once a user has successfully integrated a personal wallet with the site.
Much of the exchange’s early success was due to the fact that it was the first point of access to a lot of ERC-20 tokens that were released soon after ICOs. Traders often headed to EtherDelta in order to sell or purchase tokens before they were listed on more mainstream exchanges. At its peak, EtherDelta was able to generate over $10m in daily trading volumes and it remained the premier choice for ERC-20 token traders for much of 2017. However, a change in management as well as a rapid increase in the number of competing sites has seen the volume of trading taking place on EtherDelta decline steadily over the last few months.