Singapore, February 26, 2021 \u2014 Fast-growing Heco-based MDEX recently announced their record-breaking daily transaction volume of USD 5.05 billion. Implementing a unique \u2018dual-chain dual-mining\u2019 mechanism on the platform, MDEX burst on the DEX scene just slightly over a month ago on Jan 19 and has not looked back since.The young and ambitious DEX has its sights set on dethroning Uniswap and has surpassed the DEX king a number of times in daily trading volumes, the most spectacular being its USD 5.05 billion volume on February 24. Currently in terms of DEX market share, MDEX is ranked number one on Coinmarketcap, capturing 54.49% of the market at the time of this writing.Skyrocketing DEX Environment2020 saw the DeFi market begin its exponential surge with a temporary slowdown in November. From December to the beginning of 2021, the pace picked up again with a vengeance and a number of the top DEXes have begun to boast daily trading volumes exceeding USD 1 billion.The DeFi space has been offering decentralized financial alternatives in the form of decentralized exchanges (DEX), lending, insurance, stablecoins, derivatives, aggregators and more. Currently, the total DeFi TVL on the Ethereum public chain is USD 38 billion, a 38-fold increase from one year ago. Just on the Ethereum chain alone, MakerDAO, the leading decentralized USD-pegged stablecoin Dai, has a market value of USD 6.3 billion; Aave, the leading lending company has a market value of USD 5.03 and Uniswap, the leading DEX has a market value of USD 3.9 billion.Zero Transaction Fees and Fast Transactions on MDEXAmid concerns about Ethereum\u2019s high gas fees on Uniswap, however, many DeFi users are beginning to look at alternatives in the DEX space.Based on the Huobi Ecological Chain, MDEX leverages the Heco public chain to deliver low transaction fees and fast delivery times. Presently, MDEX.COM\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Singapore, February 26, 2021 \u2014 Fast-growing Heco-based MDEX recently announced their record-breaking daily transaction volume of USD 5.05 billion. Implementing a unique \u2018dual-chain dual-mining\u2019 mechanism on [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/3753"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=3753"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/3753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=3753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=3753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=3753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}