Ever since Decentralized Financed (DeFi) captured the imaginations of finance experts, Solanax has been making great strides to turn their most ambitious dreams into reality.
Today, they are immensely proud to announce that they have succeeded – today marks the launch of the Solanax DEX, which is already live with swap and liquidity pool functionality enabled.
Being based on a permissionless, high-performance, Proof-of-History (PoH) blockchain, Solanax is able to ensure ample liquidity, minimal slippage, and offers support for market makers and trading bots.
Their users will now be able to take advantage of lightning-fast trades, pooled liquidity, and additional features for earning passive income.
The launch of our primary product is a significant milestone in our project’s development and reflects the enormous dedication of our team. As Solanax continues to deliver on its long-held promises, we anticipate that this piece of complex infrastructure will be enormously beneficial to their extensive community and critical to the long-term prosperity of the Solana ecosystem.
To read more about the product or explore the platform yourself, visit their website.
Solanax is a Solana-based automated market maker (AMM) exchange, providing lightning-fast trades, pooled liquidity, and other income-generating features.
Solana was chosen as the underlying blockchain to facilitate low-cost, high-speed transactions. It is a permissionless, high-performance blockchain based on the Proof-of-History consensus (PoH).
Given the advantages that Solana offers when compared to other blockchain ecosystems, it is a popular solution among investors, users, and developers.
Ethereum’s Proof-of-Work Consensus is slow, hard to scale, and comes with high gas fees which were exacerbated by its account-based system. Where Ethereum has failed to live up to the community expe, Solana quickly proves to be a viable alternative.
Solanax will utilize the cross-bridge Wormhole to connect to projects and digital assets existing on the Ethereum blockchain, facilitating adoption and allowing the crypto community to seamlessly move tokenized assets from one blockchain to another, improving interoperability and liquidity setup.
It is faster and cheaper; Solanax offers on-chain liquidity; traders will have more control over their trading activities; an integration of Wormhole for fusion with tokenized assets on the Ethereum blockchain, and much more.
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