Something I posted in WAVES topic earlier:

So there is no difference between Bitshares decentralised exchange from 2 years ago and Waves decentralised exchange other than the Waves one is prettier?

I suggest some of you take a look at Blocknet - they are building a decentralised exchange but not with an intermediary token. Instead it's through atomic swaps by the xbridge technology. It's directly peer to peer which will means lower cost to the users, less friction, faster and of course it's truly decentralised.

Blocknet has been around for 2 years and is launching the hardfork in 4-8 weeks. They have demonstrated the atomic swaps, it's been tested and the exchanges can be seen in the BTC/LTC blockchains (Charlie Litecoin dev tweeted about it). So this isn't imaginary tech.

That's just the beginning though. DAPPs are coming next:

- decentralised mixer (users can mix their BTC for ZCash in a completely decentralised way and master nodes collect service fees)
- margin trading
- microservice APIs

Blocknet is super cheap market cap, peanuts compared to Waves. Only on Bittrex atm.