Crypto users love decentralized exchanges (DEXes) due to features such as staking, swapping, and yield farming. However, Polkadex offers all these and more, putting it in a class of its own.
Polkadex is a fast, cheap, and secure P2P order-book decentralized exchange. It features its own parachain that enables users to bridge their tokens with Ethereum’s blockchain through the THEA bridge. Polkadex has many tools to help users and DeFi protocols manage their assets better. These tools have attracted prominent names to the network, like
- Acala,
- Subscan,
- Polkastarter, and others.
1⃣2⃣ Polkadex
Non-custodial orderbook-based exchange
High frequency trading + advanced tools
Sleek UI, CEX functionality
Add trading bots or automate
Delegate asset trading, watch profits
Cross-chain with Polkadex parachain
PolkaIDO for fair IDOs pic.twitter.com/wkbmJgklez— Polkadotters | Validators and media house (@Polkadotters1) June 21, 2023
What makes Polkadex unique?
There’s tough competition among DEXes. But Pokadex has a couple of features that set it apart. First, it combines some of the best features of DEX. It gives users full control of their assets as a DEX. So, users enjoy the best of both worlds with Polkadex.
Here are a couple of advantages to using Polkadex.
- It is trader-focused. This means it offers several advantages to traders, including ease and security.
- It has a capacity of 500,000 trades per second. This is perfect for high-frequency traders.
- There are 0% trading fees for the first 6 months.
- Polkadex has no order placement fees.
- There are zero gas fees and no withdrawal fees.
- Limit and market orders.
- It has better decentralization than DYDX.
- Users can register multiple on-chain trading wallets for easy trade management.
- It launched a new feature that uses bots for trading and building up passive income.
- It supports bulk order execution (bulk buy and bulk sell) for institutional traders.
- You need less liquidity to run the pairs, unlike some DEXs and their liquidity pools.
- PDEX Staking with 24.54% APY.
Weekly update October 16th – 29th
Business update
$ASTR/USDT market now live on https://t.co/Sb4jdg2LVg
24 hour trading volume on the Polkadex Orderbook Beta surpassed $100,000 benchmark on multiple days
Published Roadmap update
Finalised next listing… pic.twitter.com/4cDX7CcQMi— Polkadex (@polkadex) October 30, 2023
What’s the latest on Polkadex?
Polkadex has made some remarkable achievements over the last few months. Aside from launching their mainnet, Polkadex already has 3 tokens listed, offering 3 trading pairs.
- PDEX/USDT,
- DOT/USDT,
- ASTR/USDT
ASTR is the first Polkadot parachain project token to be listed on the Polkadex Orderbook. Listing ASTR is no doubt a significant milestone in Polkadex’s evolution. It shows that they can easily list all parachain tokens. This should help grow their position as Polkadot’s leading DEX.
Listing ASTR is also a huge development for DeFi on Polkadot. ASTR is the first Polkadot parachain token to profit from non-custodial high-frequency trading infrastructure. The listing allows both current and future ASTR traders and holders to leverage Polkadex Orderbook’s cutting-edge features.
#XCM connections between the Polkadex parachain and other #Polkadot parachains are starting to take shape!
Here's a long tweet on the status of a few of these XCM channel openings
A council motion has been proposed on @Polkadot to open XCM channels between Statemint &…
— Polkadex (@polkadex) June 2, 2023
Polkadex already has XCM channels open with (that’s cross-chain messaging)
- Polkadot,
- Equilibrium,
- Astar,
- Bifrost,
- Phala,
- Unique NFT Chain,
- ComposableFin,
- Crust
The team has listings in the pipeline. Polkadex’s latest updates show their ambitions of becoming the major DEX on Polkadot.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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