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DOEX Network Set to Become Cardano’s First DEX -Breaking

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DOEX Network Set to Become Cardano’s First DEX
  • DOEX hopes to become the first Blockchain-based DEX.
  • Cardano keeps developing its platform overtime.

Cardano (ADA), one of the most valuable digital assets in crypto, is constantly developing its network. It is widely considered as one of the most solid crypto networks. DOEX is currently developing its platform to be the first Cardano Blockchain-based DEX. The DOEX DEX is also planned to be launched by the end the year, according to its roadmap.

The DOEX team also explained this:

Our goal is to create the Cardano’s first DEX. We will provide interoperability among chains and facilitate seamless exchange of tokens using a foolproof bridge or converter. It is all part of an extended vision to create a foundation for expansion and business growth. The long-term goal of our company is to serve as the central point for DeFi services using the Cardano blockchain. This includes asset management, stake, and asset management.

Additionally, the decentralized exchange allows for trustless parties (decentralized exchange) to perform financial transactions through smart contracts. This allows users to be certain that transactions will not be centralized and are secure. What’s more, participants that provide liquidity to perform various operations on DEX are rewarded in return.

Cardano on the other side is continuing its journey to be one of the top networks when it comes to blockchain DEX wallet activities. DappRadar data shows that Ethereum is the clear winner with 3447 and TRON 1665 respectively. TRON has more than 750. The dominant protocol is Ethereum, which holds 64%, TRON with 1665, and more than 750 daily unique wallet activity.

Cardano, however, is an active crypto network that continues to enhance its platform. We can see that ADA will catch up to these networks much sooner than anticipated.

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