Cardano-based DEX ADAX is one of the network's first decentralized exchanges to go online.
ADAX DEX will use the order-book approach to provide noncustodial and censorship-resistant trading, based on the decentralization ideology.
Users will be able to rapidly perform smart contract-based trades on the platform for a fraction of the cost of Ethereum network fees.
The launch of ADAX DEX is a significant achievement for the entire team involved. The company put in 6 months of effort and energy to provide Cardano with one of the first decentralized exchange (DEX) solutions that will benefit the ecosystem in the long run.
Key aspects of the product
ADAX DEX is not lagging behind its competitors on other chains, and it provides everything the Cardano community requires for a genuinely decentralized exchange.
On-chain swap execution and focused liquidity orders are two features that allow the exchange to outperform its nearest competitors in terms of efficiency and performance.
With the support of Plutus smart contracts, the exchange's developers have designed a special PAB solution that ensures complete decentralization. Each order is broken into smaller UTXOs by ADAX in order to prevent congestion and concurrency concerns.
To make the decentralized experience more convenient, ADAX invested a significant amount of time developing a user interface that is suitable for both institutional and private traders.
ADAX is currently working on integrating widely used wallets. It currently supports Nami Wallet, with GeroWallet and CCVault compatibility coming in the days following the launch.
ADAX was launched in collaboration with Stockgeist, according to the press announcement.
The DEX is able to offer a novel trading tool that tracks early signals of trader sentiment shifts thanks to an AI market sentiment monitoring technology.