Since the announcement of smart contracts technology for Cardano, the community around it has been excited to see the Uniswap or Pancake-Swap tier representative. Each had many risks entering the race as the community’s standards were high. ADAX is now ready to release the ADAX DEX v1.0.
ADAX DEX is a decentralized exchange based on the philosophy of decentralization. It will utilize the order-book model to bring non-custodial and censorship-resistant trading. Users will be able to execute smart contract-based trades instantly by paying significantly less compared to Ethereum network fees.
This is a great milestone for ADAX DEX, as the company has been working on this project for six months, and the final product is one of the first decentralized exchange solutions for Cardano.
Product’s features
The decentralized exchange ADAX DEX has an on-chain swap execution and concentrated liquidity order execution that allows it to surpass its closest competitors in terms of efficiency and performance.
The exchange has created a custom PAB solution with the help of Plutus smart contracts that ensure full decentralization. In order to avoid congestion and concurrency-related issues, ADAX is splitting each order into smaller UTXOs.
As a decentralized exchange, ADAX spends a lot of time on the user experience. To make the decentralized experience more convenient, ADAX has spent plenty of time creating a sufficient user experience that suits both institutional investors and private traders. Currently, ADAX is working on the integration of widespread wallets. As of now, it offers support for Nami Wallet, with GeroWallet and CCVault on the way in the coming days after the launch.
The press release reveals that ADAX is developed in partnership with Stockgeist.AI, a market sentiment monitoring platform that enables the DEX to offer a revolutionary trading tool that tracks early signs of trader sentiment changes.
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