Native, scalable and decentralized exchange, which is governed by the community and is built on Solana.
Decentralized finance (DeFi) is a rapidly growing trend in the finance. It takes the old components of the traditional finance and transforming them into trustworthy and transparent protocols via smart contracts and tokens. In December 2019, the DeFi ecosystem had $700 million worth of digital assets locked in its financial products. Recently, this number surpassed $3.6 billion.
The appeal of DeFi is clear: open and easily accessible alternative to every financial service imaginable, such as savings accounts, insurance, loans, trading, and more.
However, today most of the DeFi transactions are handled on the Ethereum network. This has led to an increased congestion in the network, which has made transactions on Ethereum slow and expensive, investors and traders across the world have found themselves having to pay upwards of $50 in gas fees (or more) just to make a single transaction. Moreover, many of the exchanges suffer from low liquidity levels, low volume, inefficient slow transactions duration, and poor user experience.
Soldex.ai is a first-of-its-kind base decentralized exchange (or DEX, for short), that is non-custodial, which means that unlike centralized exchanges, Soldex.ai does not need to possess your tokens for you to be able to trade them. Instead, Soldex.ai allows users to trade in a secure and safe manner, utilising peer-to-peer connection with liquidity that is supplied by other users. It is a third-generation crypto exchange that looks to solve the issues faced by order-matching centralized exchanges and trustless custody within current decentralized exchanges by employing advanced machine learning and neural network algorithms.
Based on the Solana Network, soldex.ai solves the problems of other Ethereum based DEXs, users will be able to exchange tokens at a speed greater than 50,000 transactions per second for a cost of less than $0.00001 per transaction, enabling efficient and quick transactions.