DEX Leader MDEX Says Binance Smart Chain is First Step in Multi-Chain Expansion

By: MDEX
 
SINGAPORE - April 12, 2021 - PRLog -- Leading decentralized exchange MDEX announced its complete integration with the Binance Smart Chain (BSC). Within five seconds, it reported a TVL (total value locked) of more than USD 500 million. Twenty minutes later, it went up to USD 800 million, forty minutes to USD 1 billion, one hour to USD 1.3 billion and two hours, the figure had gone up to USD 1.5 billion with its 2-hour trading volume surpassing USD 268 million.

The Heco-based DEX has now completed a cross-chain bridge between Heco (Huobi Eco-Chain) and BSC, apparently the first step it will take in a multi-chain deployment endeavor.

If this sounds like an ambitious undertaking, it is because it is indeed a challenging task. Currently, multi-chain deployment on DEXes does not exist. There have been some cross-chain attempts, including MDEX's BSC integration, but a grand plan to integrate across Heco, BSC, OKexChain, the Layer-2 network of Ethereum and Polkadot to achieve multi-asset interoperability will be a far more arduous enterprise.

Read more: https://techbullion.com/dex-leader-mdex-says-binance-smar...

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