Place/Date: US/NY - March 3rd, 2022 at 3:48 pm UTC · 2 min read
Contact: Solanax, Source: Solanax
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, the team is immensely proud to announce itself – 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. The users will now be able to take advantage of lightning-fast trades, pooled liquidity, and additional features for generating revenue.
The launch of their primary product is a significant milestone in their project’s development and reflects the enormous dedication of the team. As Solanax continues to work on its long-held vision, the team 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.
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 users, and developers.
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.