NewsBTC
2021-10-11 05:55:10

Solana Native Soldex AI – Renewing Hope for DEX & AI

Over the last year, many assets have been hitting the market; over 12,000 coins are currently being circulated on exchanges and swaps, to be exact. Technical issues have plagued this wave of assets since most of them are either ERC20 tokens or wrapped ERC20 tokens which rely on the ERC20 network regardless. Efficiency Soldex is a new exchange that utilizes Solana to overcome all the problems that DEX websites are currently facing, namely the poor performance that the ERC20 network is currently facing. Solana is more efficient, with a capacity to handle more than 50,000 transactions per second – often for less than $0.00001 per transaction – on the Solana network. Liquidity Decentralized exchanges have always been a second choice to centralized ones like Binance and FTX, namely for the liquidity of the assets, which causes slippage, and traders do not like slippage because it can simply ruin the entire trade. Soldex fixes this problem by incentivizing liquidity which most centralized exchanges do not even offer. AI-Powered Algorithmic Trading Algorithmic trading is a force to be reckoned with; it is something that every trader anticipates affecting the market. So far, we have seen trading bots working with centralized exchanges, whether it is a feature in the exchange itself or through 3rd party apps. Soldex is offering the first trading bots for a decentralized exchange which will pave the way for a new generation of algorithm...

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