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RE: Waves And it's Decentralized Exchange!
waves: centralized order matching allowing front running and ddos 
waves: no margin trading, no trustless fiat stable currencies, <1000 tx/sec, only official gateway options, low volume, centralized funding via ICO in hands of centralized company - good luck replacing malicious devs
bitshares: margin trading, trustless fiat stable currencies, 100,000 tx/sec, many gateway and bridge options, highest volume dex in existence, no ICO, funded via the first ever and successfully operational DAO that funds several decentralized teams for development
It's not even close.