Decentralized exchanges (DEXs) provide increased security by allowing users to retain control of their private keys, reducing the risk of hacks associated with centralized exchanges, and enhancing privacy through fewer personal information requirements. However, the safety of DEXs can be compromised by vulnerabilities in smart contracts, liquidity issues, and user experience challenges. Effective decentralized exchange development, including comprehensive security audits, user education, improved liquidity solutions, and user-friendly interfaces, is essential to mitigate these risks and enhance the overall safety and usability of DEXs.