All crypto traders know that slow, costly transactions are their Kryptonite. Research shows that 37% of participants consider high trading fees the biggest problem with existing exchanges. Another 36% cite lack of liquidity.

Blockchains such as. are responsible for many of these issues. While powering an incredible number of decentralized applications, it’s simply not built for high-frequency trading. Large orders cannot be executed quickly because of network congestion. A new player is on the scene and is determined to fix all of that.

A New Contender

ADAX, a Cardano-based cryptocurrency exchange just launched. It uses the order-book system which allows users to trade with their own funds without having to entrust them to a third-party. Transactions happen instantly and fees are only a fraction of the Ethereum network’s. This new DEX is a fantastic outlet for experienced and new traders.

What’s more, ADAX is fully decentralized, thanks to the utilization of Plutus smart contracts. There is therefore no danger of manipulation or censorship.

ADAX is not only a technical marvel, but also has a simple interface that allows for trading to be done. The experience is so intuitive that anyone can use it even without any prior knowledge.

Already ADAX is able to integrate with Nami. GeroWallet. CCVault. ADAX also plans on adding more API-based connections in the future. Further, a partnership with Stockgeist.AI, a market sentiment monitoring platform, will give traders an edge by allowing them to re-calibrate their investments based on early signs of changing ‘social sentiment’.

Analysers can predict the future by using data from social media platforms like Reddit, Facebook, Reddit, and Discord.

ADAX previously sold a large number of shares in a private sale. They also had an extremely successful IEO through ExMarkets. With recent partnerships such as Charli3, Charli3 and World Mobile, their list of valuable relationships is growing,

ADAX’s partnership with BlackDragon, a crypto investment platform, provides ADAX users hot investment vehicles, while their partnership with Charli3, a decentralized oracle, ensures transparent and accurate pricing information. Users can store and use crypto through their growing number of wallet partnerships.

Cardano: Why?

Let’s take a step back, and consider why Cardano should be used as the basis for decentralized exchanges. Cardano has a strong platform. The platform was developed with strict cryptographic principles in view and extensively tested. It’s a good candidate for dex implementation.

Second, Cardano is scalable. The system can easily handle large transactions at high volumes without slowing down. This is critical for DEXs that need to efficiently process large quantities of trades.

Cardano has three key features. Cardano can be tailored to fit the needs of specific businesses and applications. It is well-suited to be used in DEXs.

Cardano’s price is also affordable. It uses a unique proof-of-stake algorithm that allows users to stake their tokens in a way that doesn’t require expensive hardware. This allows it to be accessible to many people and businesses.

Cardano makes a great choice when it comes to implementing DEXs. Cardano’s flexibility, security and scalability make it a great choice for such purposes. It is also affordable so that anyone can use it. ADAX offers a Cardano-based trading platform that is lightning fast and low-cost.

Disclaimer: CoinQuora doesn’t endorse the products or content found on any of its pages. Although we do try to offer all information possible, we encourage readers to conduct independent research prior to making any decision. This article is not intended to be an investment advisory.

Continue reading on CoinQuora