With the growing popularity of cryptocurrencies, stock exchanges have no choice but to evolve to meet the growing needs of investors. As regulated exchanges and existing decentralized exchanges took over the industry, the need for a third-generation solution quickly became apparent.
It is based on an aggregate list of buy and sell orders in terms of the central limit order book model, with the variation of these prices known as the spread. Unfortunately, when liquidity is tight, the spread is greater because there is limited supply or demand at each price level, making it difficult to fulfill orders. As a result, liquidity is fast becoming one of the most obvious barriers to exchanges for users today.
In addition, growth in the cryptocurrency industry, including trading and stock exchanges, has caused a number of problems. In addition to the growth, there have been concerns about scalability and security arising from the fact that centralized exchanges cannot serve the large number of traders who regularly trade on their platform.
Soldex.ai aims to meet these challenges as the next generation of DEX that uses machine learning algorithms to create solutions for order matching, secure storage and centralization. Use of Solana (SOL) positions the platform so that users can perform peer-to-peer transactions securely with the liquidity from the platform itself.
The team describes its market position as follows:
“Soldex is a decentralized exchange platform built on Solana’s PoH consensus protocol. It will provide fast transactions, low fees and the most advanced APIs in the industry. With Soldex, you can easily interact with our high-level artificial intelligence to create your own trading robots on a decentralized stock exchange. ”
Changes in the fast-growing Solana ecosystem
In line with Soldex’s mission to create a new wave of flexible financial markets and lay the foundation for liquidity, settlement and market creation, the platform builds on Solana as one of the first scalable decentralized exchanges. Solana’s technology is one of the few technologies that can fulfill the mission of a mass adoption platform, with the ability to perform 65,000 transactions per second (TPS) compared to 15 TPS Ethereum (ETH), while maintaining its decentralized capabilities.
More information about SOLDEX here
To achieve this, the team is looking at several strategic partnerships. One of them was the 1Sol protocol, a multi-chain DEX aggregator that enables smooth, safe and efficient operation by collecting liquidity from several Defi and CeFi chains. Taking advantage of this partnership benefits end users who now want access to an improved trading experience and better prices.
The other partnership the team is looking for is Darkpool Ventures. This market builder for digital assets will help provide liquidity to the market, which will increase the platform’s visibility in the market and increase investor confidence.
Together, these partnerships ensure liquidity with effective incentives. Generally, trading a pool of liquidity requires having enough assets in each trader pool to facilitate spot trading, a requirement that Solidex continues to address as it progresses.
Opportunities open to the public
Soldex has since announced that SOLX, the platform token, will be traded on stock exchanges from 10 December. With SOLX, users can benefit from revenue sharing, AI redistribution and protocol management.
The team announced the public sale of Lightning Launchpad, a multi-chain incubator that “aims to improve the pre-sale experience,” TrustPad, a decentralized multi-chain collection platform, and Synapse.Network.
With so many launch sites available, users have a great opportunity to become part of the next generation of market makers, and then apply customized trading strategies designed for them.