Place/Date: - July 27th, 2021 at 1:00 pm UTC · 2 min read
Dexlab recently launched the world’s first ever Solana centric minting & management platform that doesn’t require any coding knowledge called ‘MintingLab’. It is simple in its outlay and extremely easy to operate, so much so that using the DEX Launchpad, it is possible to mint, issue and publicise tokens all with a few clicks.
The decentralized finance (DeFi) market over the past year has seen an increase in total value locked from $3.7 billion to nearly $60 billion. Dexlab is at the forefront of this ongoing finance revolution, currently offering Solana-based projects the ability to access a host of different tools that can help maximize their DeFi experience.
MintingLab comes replete with a host of features such as SPL Wallets that serve as the destination address for any newly minted tokens, an Editor Suite – a tool that allows users to edit a host of data related to their freshly minted tokens and lastly a Deposit Management System that allows users to keep a tab on all their assets.
Dennis Lee, CEO of DexLab, sees the launch of MintingLab as a major milestone for the Solana ecosystem, especially from a maturity standpoint, adding:
“Dexlab’s MintingLab will be one of a kind. By breaking down Solana’s major barrier of entry, the knowledge to code, many projects, especially non-blockchain ones, will be able to easily tokenize and enter the space. We’re excited for the potential to have all the different projects be welcomed into Solana through us.”
Dexlab is an integrated DEX platform that provides a GUI to issue Solana blockchain-based tokens without the need to code. It leverages the Serum Decentralized Exchange (DEX)’s central order book to support ultra-fast transactions, shared liquidity, amongst other things. To date, DexLab has been able to raise substantial capital thanks to grants from firms like Solana, Eco Serum, etc.
Solana is a future-ready, web-scale blockchain that is designed to help provide its users with seamless, secure, scalable access to a wide array of decentralized apps (dApps) and marketplaces. Furthermore, by making use of a hybrid consensus mechanism — that draws from the proof of stake and proof of history model — Solana is able to support 50,000 transactions per second without compromising on its decentralization ethos.