Polkadot

Polkadex

<h4>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. </h4> 
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&nbsp; 
<ul> 
 <li>Acala,</li> 
 <li>Subscan,</li> 
 <li>Polkastarter, and others.</li> 
</ul> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 1⃣2⃣ Polkadex 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f501.png" alt="🔁" class="wp-smiley" style="height: 1em; max-height: 1em;"> Non-custodial orderbook-based exchange <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> High frequency trading + advanced tools <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4bb.png" alt="💻" class="wp-smiley" style="height: 1em; max-height: 1em;"> Sleek UI, CEX functionality <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f916.png" alt="🤖" class="wp-smiley" style="height: 1em; max-height: 1em;"> Add trading bots or automate <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4bc.png" alt="💼" class="wp-smiley" style="height: 1em; max-height: 1em;"> Delegate asset trading, watch profits <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"> Cross-chain with Polkadex parachain <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;"> PolkaIDO for fair IDOs <a href="https://t.co/wkbmJgklez">pic.twitter.com/wkbmJgklez</a> 
 — Polkadotters | Validators and media house (@Polkadotters1) <a href="https://twitter.com/Polkadotters1/status/1671486324879024129?ref_src=twsrc%5Etfw">June 21, 2023</a>
</blockquote> 
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<h5>What makes Polkadex unique?</h5> 
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. 
<ul> 
 <li>It is trader-focused. This means it offers several advantages to traders, including ease and security.</li> 
 <li>It has a capacity of 500,000 trades per second. This is perfect for high-frequency traders.</li> 
 <li>There are 0% trading fees for the first 6 months.</li> 
 <li>Polkadex has no order placement fees.</li> 
 <li>There are zero gas fees and no withdrawal fees.</li> 
 <li>Limit and market orders.</li> 
 <li>It has better decentralization than DYDX.</li> 
 <li>Users can register multiple on-chain trading wallets for easy trade management.</li> 
 <li>It launched a new feature that uses bots for trading and building up passive income.</li> 
 <li>It supports bulk order execution (bulk buy and bulk sell) for institutional traders.</li> 
 <li>You need less liquidity to run the pairs, unlike some DEXs and their liquidity pools.</li> 
 <li>PDEX Staking with 24.54% APY.</li> 
</ul> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Weekly update October 16th – 29th <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4dd.png" alt="📝" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Business update 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b9.png" alt="💹" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24ASTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ASTR</a>/USDT market now live on <a href="https://t.co/Sb4jdg2LVg">https://t.co/Sb4jdg2LVg</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> 24 hour trading volume on the Polkadex Orderbook Beta surpassed $100,000 benchmark on multiple days <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e3.png" alt="🛣" class="wp-smiley" style="height: 1em; max-height: 1em;"> Published Roadmap update <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"> Finalised next listing… <a href="https://t.co/4cDX7CcQMi">pic.twitter.com/4cDX7CcQMi</a> 
 — Polkadex (@polkadex) <a href="https://twitter.com/polkadex/status/1718876723134296385?ref_src=twsrc%5Etfw">October 30, 2023</a>
</blockquote> 
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<h5>What’s the latest on Polkadex?</h5> 
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. 
<ul> 
 <li>PDEX/USDT,</li> 
 <li>DOT/USDT,</li> 
 <li>ASTR/USDT</li> 
</ul> 
ASTR is the first Polkadot parachain project token to be listed on the Polkadex <a href="https://medium.com/@dekachi17/introducing-polkadex-orderbook-a-revolution-in-decentralized-trading-b4fd138a4d8f" target="_blank" rel="noopener">Orderbook</a>. 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. 
<img decoding="async" class="alignnone size-full wp-image-127043" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/11/Polkadex-astar.webp" alt="" width="1100" height="550" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/11/Polkadex-astar.webp 1100w, https://www.altcoinbuzz.io/wp-content/uploads/2023/11/Polkadex-astar-300x150.webp 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/11/Polkadex-astar-1024x512.webp 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/11/Polkadex-astar-768x384.webp 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/11/Polkadex-astar-696x348.webp 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/11/Polkadex-astar-1068x534.webp 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/11/Polkadex-astar-840x420.webp 840w" sizes="(max-width: 1100px) 100vw, 1100px"> 
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. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26d3.png" alt="⛓" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/XCM?src=hash&amp;ref_src=twsrc%5Etfw">#XCM</a> connections between the Polkadex parachain and other <a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw">#Polkadot</a> parachains are starting to take shape! 
 Here's a long tweet on the status of a few of these XCM channel openings <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;"> A council motion has been proposed on <a href="https://twitter.com/Polkadot?ref_src=twsrc%5Etfw">@Polkadot</a> to open XCM channels between Statemint &amp;… 
 — Polkadex (@polkadex) <a href="https://twitter.com/polkadex/status/1664452718545764355?ref_src=twsrc%5Etfw">June 2, 2023</a>
</blockquote> 
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Polkadex already has XCM channels open with (that’s cross-chain messaging) 
<ul> 
 <li>Polkadot, </li> 
 <li>Equilibrium,</li> 
 <li>Astar,</li> 
 <li>Bifrost,</li> 
 <li>Phala,</li> 
 <li>Unique NFT Chain,</li> 
 <li>ComposableFin,</li> 
 <li>Crust</li> 
</ul> 
The team has listings in the pipeline. Polkadex’s latest <a href="https://www.altcoinbuzz.io/product-release/polkadex-the-best-order-book-dex-on-the-market/" target="_blank" rel="noopener">updates</a> show their ambitions of becoming the major DEX on Polkadot. 
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<h5>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.</h5> 
The post <a rel="nofollow" href="https://www.altcoinbuzz.io/spotlight/heres-why-polkadex-remains-polkadots-major-dex/">Here’s Why Polkadex Remains Polkadot’s Major DEX</a> appeared first on <a rel="nofollow" href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Here’s Why Polkadex Remains Polkadot’s Major DEX

Altcoin Buzz

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