Developing a DEX platform comes with several challenges, including ensuring high liquidity, user-friendly interfaces, and robust security measures. Liquidity can be difficult to establish, as decentralized platforms rely on liquidity pools, which require user participation. A complex user interface can deter new users, so it's vital to balance functionality with simplicity. Security is another major concern, as DEXs are often targeted by hackers. Developers must conduct thorough smart contract audits to prevent vulnerabilities. Additionally, regulatory compliance can be challenging, as the decentralized nature of DEXs may conflict with local laws.