Project Research Paper of Newdex
❔What is Newdex:
Newdex is the first DEX on EOS. At present, Newdex not only supports the trading of various tokens on EOS, but it also allows the trading of tokens for 5 EOS side chains.
Key Points:
✅DEXs can only work on a single blockchain so far. They don’t have as many popular trading pairs compared to Centralized Exchanges, because there’re no mature and efficient technical solution for cross-chain transactions.
✅The existing trading pairs with large trading volume on DEXs are the coins issued by DApps, stablecoins, and the resources of its native blockchain.
✅ As a result of the different purpose of design and later launch time, currently the most popular DApps on EOS are quiz games and lucky draws. In comparison, Ethereum has more kinds of DApps, such as collection games, fnancial applications, etc.
✅ Newdex has successfully taken the highest trading volume position of DEXs on EOS.
Want to see a report like this and more? Learn more here
About TokenInsight
TokenInsight is an independent third-party data analytics organization whose focus is to provide accurate information and ratings on companies developing in the blockchain industry. TokenInsight is dedicated to providing accurate ratings, research, and analytics that contribute to intelligent financial decisions and market transparency.
🌏If you like our reviews, also join us on🌏:
💡Official website: https://www.tokeninsight.com
📌Official LinkedIn page: https://www.linkedin.com/company/tokeninsight/
🔎Telegram: https://t.me/TokenInsightOfficial
