> For the complete documentation index, see [llms.txt](https://sphynxlabs.gitbook.io/sphynx-labs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://sphynxlabs.gitbook.io/sphynx-labs/utilities/multichain-dex.md).
# MultiChain DEX
Sphynx Labs is an Automated Market Maker (AMM), and the Exchange is at the heart of Sphynx Labs. Sphynx Labs is the leading AMM on the Binance Smart Chain and, as statistics tell, the most user-friendly Decentralized Exchange (DEX) ever!
The Sphynx Labs Exchange offers several features that support decentralized trading:
### Swapping/Trading
Sphynx Labs lets users trade without the need to go through a Centralized Exchange. Instead, everything you do on Sphynx Labs is routed directly through your wallet—no need to trust someone else with your coins!
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