MDEX: An Overlooked Decentralized Exchange?
Decentralized exchanges have been one of the DeFi platforms incurring massive gains and driving greater financial revolution, especially automated market making (AMM) DEXes that trade automatically using liquidity pools replacing buyers and sellers.
Low Fees or Zero Fees
A main reason for the popularity of the platform is directly linked to the low or zero fees on MDEX, which touts a dual mechanism of liquidity and transaction mining, the latter of which allows users' BTC transactions to cost almost nothing in terms of handling fees. The fee model adopted by MDEX can drive massive activity, especially for traders who execute numerous trades daily.
An Intuitive User Experience
The platform has also been upgrading consistently to improve user experience for its traders. It recently launched a new version of the 'quotation' function which allows users to fetch price quotes in real-time, certainly a welcome utility for traders.
The aim is to be a simple and user-friendly interface, a move to cater to more users, especially those who are more familiar with trading in a centralized exchange (CEX) environment. These users can retain their old trading habits while transitioning over to DEX trading to enjoy a more decentralized and secure environment.
Room for Growth
Comparing statistics across the top DEXes in the space, MDEX.COM seems to have been overlooked.
The platform is a relatively young DEX, compared to its peers Uniswap, Sushiswap and Pancakeswap. Its initial explosive growth in terms of trading volumes, combined with its expansion over to the BSC networks from HECO-chain, not to mention the continuing development of the platform to be a multi-chain ecosystem encompassing DEX, DAO and IDO/IMO capabilities, are definitely strong indicators of the looming potential of the project.
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