DMEX Integrates xDAI for Cheap Decentralized Perpetual Contracts With up to 1...
PRESS RELEASE. In response to rising gas prices during the last weeks, DMEX has moved its trade processing to xDAI sidechain that allows for much cheaper transaction recording. Customer funds are still stored on an Ethereum smart contract, the trade recording, however, is now performed on xDAI. This change allows users to place orders as small as 100$ which was impossible until now, with minimum order requirements growing up to 200k$ during gas price spikes on Ethereum. The new structure allows for a flat minimum order value of 100$ independent of Ethereum gas prices. How does it work? The....
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PRESS RELEASE. DMEX, the leading decentralized derivatives exchange is officially announcing its public API launch for its users. DMEX, the decentralized BitMEX alternative, is opening its API for public use. Now traders can connect to the exchange and execute trades using their own interfaces or trading bots, bringing DMEX closer and closer to fully replacing centralized derivatives exchanges. Given the latest crackdown on centralized derivatives trading exchanges like BitMEX and OKEx, decentralized alternatives are becoming the go-to option for traders to bet on the price of crypto....
Despite executing 179,000 transactions during its first month of operation, the xDai-powered Perpetual Protocol spent just $183 on gas fees. Perpetual Protocol, a DeFi project offering decentralized perpetual contracts using the layer-two Ethereum scaling solution xDai, has emerged as the sixth-largest DEX by weekly trade volume after operating for only one month.Based on data from Dune Analytics shared by Perpetual Protocol, the DEX’s weekly trade volume of more than $299 million would rank the project above the likes of Synthetix, dYdX, and Kyber, and below Balancer.The milestone was....
DMEX is a decentralized anonymous margin trading exchange that doesn’t require KYC checks, simply generate a wallet inside the app and start trading. No KYC Because DMEX runs on a smart contract you do not need to register with your personal information. Simply generate a new wallet in-app and start trading right away. Asynchronous Matching Engine Most decentralized exchanges provide synchronous trade executions, which means you have to wait for the last trade to record on the blockchain before performing a new one. DMEX however, implements a state-of-the-art matching engine that....
Newly launched DeFi derivatives platform Perpetual Protocol crosses open interest milestone in barely 24 hours. Perpetual Protocol, a new DeFi derivatives exchange, revealed that the platform had already crossed its $500,000 open interest (OI) cap for decentralized perpetual contracts. The announcement is coming less than 24 hours after the mainnet launch of the service on Wednesday.Following the achievement, the project has decided to double its OI limit to $1 million as well as the personal position cap for Bitcoin (BTC) and Ether (ETH) trading pairs. The limit was introduced to limit....
The perpetual contracts will be open for trading 24/7, unlike equity exchanges which are open for business for a limited number of hours, five days a week.