Polkadex has released the Polkadex Orderbook decentralized exchange
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Just over a year after the launch of the Polkadex mainnet, Polkadex Orderbook is now open for trading. The revolutionary orderbook-based decentralized exchange (DEX) is set to be a game-changer for digital asset trading and DeFi.
In the last few years, DEXs like Uniswap have changed the way in which cryptocurrency is traded by giving traders control over their own funds. However, the automated market maker (AMM) model popularized by such DEXs has been plagued with exorbitant transaction fees, price slippage, frontrunning, low interoperability, and limited functionality. While it may be riskier due to potential hacks and data breaches, many crypto traders still prefer to use the advanced trading features of centralized exchanges (CEXs), which are cheaper to use and offer high levels of functionality and interoperability.
“This is the first time an orderbook is connected to two leading ecosystems, Ethereum and Polkadot directly. We will continue to evolve as a cross-chain DEX connected to all leading ecosystems and sourcing native liquidity from BTC, XRP, MATIC, etc.” said Gautham J, CEO and Co-Founder of Polkadex.
Polkadex Orderbook’s cutting-edge architecture means that while it may look, feel, and perform like a centralized exchange (CEX), it remains non-custodial and preserves the security aspect of DEXs. A unique combination of blockchain and trusted execution environment (TEE) technology, Polkadex Orderbook is not only the first project to use the Substrate Abstraction Layer for SGX technology to build a decentralized exchange, but it is also one of the first retail use cases of this technology in general.
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