IDEX Launches Hybrid Liquidity: Next Generation Decentralized Cryptocurrency Exchange
San Francisco, CA — IDEX, a leading decentralized cryptocurrency exchange (DEX), has announced plans to launch a hybrid liquidity exchange, combining traditional order books and automated market makers (AMMs) into one platform. The new design combines the advantages of centralized and decentralized exchanges, with the performance and features of an order book and the security and liquidity of an AMM. Launched in Q4 2021, the platform allows traders to access optimal spreads, avoid failed trades, and easily provide liquidity, all with the functionality of real-time limit and stop orders.
IDEX was first launched in 2017 and has been ranked No. 1 among DEXs for two consecutive years. With trading activity on decentralized exchanges surging again and new traders coming in, the ecosystem desperately needs a platform that offers AMM capabilities along with high performance and advanced features. With increasing demand around the world,DEX trading volume increased by 103% in September,It hit a record $23.6 billion. The IDEX team is using its vast knowledge and experience to build the next generation of DEX to meet this new demand.
ResearchResearchshows that 2-5% of transactions on Ethereum-based DEXs fail due to complications such as too much slippage or insufficient gas prices. From October 7th to October 14th, there were approximately 438,551 transactions on Uniswap, of which 45,754 transactions failed, which is the most transaction failures in the entire Ethereum network.
Alex Wearn, CEO of IDEX, said: "While the shortcomings limit the scalability of the DeFi ecosystem, they are also lackluster in terms of mitigating front-running, sandwich attacks and transaction failures." Problems that exist in the DEX space.”
This novel exchange design incorporates a liquidity pool structure that has made AMMs very popular, so that anyone can inject funds and become a market maker. This liquidity pool is combined with IDEX's high-performance trading engine to achieve fair and real-time transaction execution. This design not only eliminates issues such as front-running and trade failures, but allows for best price execution in pooled liquidity and limit orders, and generates higher returns for depositors of liquidity pools.
Wearn continued: "Mixed liquidity is the next direction for DEXs, and we will continue to explore innovative ways to provide users with the best trading experience." "IDEX provides the best DEX and centralized exchange, with non-custodial elements and the convenience of market making through an AMM. By combining a high-performance trading engine with smart contract-based custody and settlement, users get the best of both worlds."
IDEX Hybrid LiquidityCurrently available on the Polygon testnet. The mainnet launch is planned for Q4 2021, after which expansion to other networks is planned.
About IDEXIDEX Blog。
About IDEX
IDEX is the first hybrid liquidity decentralized cryptocurrency exchange that combines high-performance order books and automated market makers (AMMs). The platform combines the advantages of centralized and decentralized exchanges, the performance and functionality of order books, and the security and liquidity of AMMs. IDEX allows traders to obtain the best spreads, avoid losing trades, and provide liquidity easily, all with the function of real-time limit and stop loss orders.
