DisruptDEX: How to Improve DeFi’s Performance and Experience with zkSync – Crypto Trendings
Saturday, June 10, 2023
Crypto Trendings
  • HOME
  • News
  • Bitcoin
  • Altcoins
  • Business
  • Tech
  • Industry
  • Interviews
  • Press Release
No Result
View All Result
Crypto Trendings

DisruptDEX: How to Improve DeFi’s Performance and Experience with zkSync

Crypto Trendings by Crypto Trendings
April 15, 2023
in Press Release
Reading Time: 2min read
DisruptDEX: How to Improve DeFi’s Performance and Experience with zkSync

Decentralized finance (DeFi) is a hot topic in the blockchain field, which aims to provide various financial services such as lending, trading, and insurance through smart contracts and distributed networks. While, it also faces some challenges, such as congestion on the Ethereumeum mainnet, high fees, and inefficient transaction speed. In order to solve these problems, some projects have started to explore the use of Ethereumeum Layer 2 (Layer 2) technology to enhance its performance and experience.

DisruptDEX is an order book decentralized exchange deployed on zkSync, an Ethereumeum Layer 2 blockchain, and an on-chain perpetual contracting protocol. Created in June 2022, it focuses on providing decentralized perpetual and spot trading with no slippage and low cost through a liquidity pool USD. It not only supports the Ethereumeum mainnet, but also supports zkSync, the second layer public chain of Ethereumeum, thus achieves higher throughput, lower fees and faster confirmations.

Related posts

The Great Wave off Kanagawa Licensed NFTs To Release  In 3D and Augmented Reality on ElmonX

The Great Wave off Kanagawa Licensed NFTs To Release In 3D and Augmented Reality on ElmonX

June 8, 2023
CC Swap has Launched, offering a captivating platform for global innovators and transaction participants

CC Swap has Launched, offering a captivating platform for global innovators and transaction participants

June 8, 2023

zkSync is a public chain that uses zero-knowledge rollup (ZK rollup) technology to solve Ethereum’s current scalability problems. It can pack thousands of transactions into a single block and use zero-knowledge proof (ZKP) to guarantee its correctness and security. zkSync also supports smart contracts and EVM compatibility, allowing developers to deploy a variety of decentralized applications (DApps) on it.

DisruptDEX uses the advantages of zkSync to provide users with a lower Gas, higher TPS, more secure, and more diverse decentralized trading experience. Users can use any asset on the DisruptDEX platform as margin, including stablecoins, tokens and NFTs, and enjoy up to 100x leverage. Users can also earn revenue by participating in USD or pledging Token DD.

USD is one of the core innovations of DisruptDEX, a unique liquidity pool design that automatically adjusts asset allocation among liquidity providers (LPs) to maximize returns and minimize impermanent losses. USD also enables cross-chain asset conversion, allowing users to trade on different chains. Token DD is another innovation of DisruptDEX incentive mechanism, the governance token of the DisruptDEX platform, providing users with more usage scenarios and value interactions. Holders can participate in the platform’s decision making and governance, and enjoy the platform’s revenue dividends.

As an emerging DEX platform, DisruptDEX successfully received seed round and A round of financing from well-known investment institutions with a total of $10 million in financing support. And in February 2023, B round of financing brought in an additional $20 million for DisruptDEX. In addition, a $500 million commitment provides strong financial security for DisruptDEX’s future growth. Some investment institutions show great interest in DisruptDEX.

DisruptDEX is an innovative and cutting-edge project dedicated to promoting the development and popularity of DeFi. In the future, it will further develop financial services such as vaulting, lending, social trading, and options to gradually build a more complete DEX financial ecosystem. With the technical breakthrough of zkSync and the development of public chain, it is expected to become the star DEX of zkSync public chain.

Previous Post

Unleashing new forms of Defi investment, SureX is ushering in a new era of public finance

Next Post

BlockBook: An Advanced and Highly Active Web3 Media and User-Based Community

Next Post
BlockBook: An Advanced and Highly Active Web3 Media and User-Based Community

BlockBook: An Advanced and Highly Active Web3 Media and User-Based Community

RECOMMENDED NEWS

Hector Network Announces New NFT Collection Dedicated to Olympian Gods

Hector Network Announces New NFT Collection Dedicated to Olympian Gods

1 year ago
Successful Launching of Tekkon in a Halloween-Themed Party at BGC Manila, Philippines

Successful Launching of Tekkon in a Halloween-Themed Party at BGC Manila, Philippines

7 months ago
ARK

ARK CORE V3, The Simplest way to blockchain.

2 years ago
Megawatts Hosting Announces that the Hosting Facility is now for sale

Megawatts Hosting Announces that the Hosting Facility is now for sale

5 months ago

BROWSE BY CATEGORIES

  • Altcoins
  • Bitcoin
  • Business
  • Industry
  • News
  • Press Release
  • Tech

BROWSE BY TOPICS

Altcoins Bitcoin Business Industry News Press Release Tech

POPULAR NEWS

  • Flush Win is Revolutionizing Online Casinos and Betting with Blockchain Innovations

    Flush Win is Revolutionizing Online Casinos and Betting with Blockchain Innovations

    0 shares
    Share 0 Tweet 0
  • A ONCE IN A LIFETIME OPPORTUNITY TO OWN A PIECE OF HISTORY AND PUT YOUR NAME INTO THE METAVERSE

    0 shares
    Share 0 Tweet 0
  • FLUSH WIN ANNOUNCES NFT GAME PROJECT AND CITY CASINO

    0 shares
    Share 0 Tweet 0
  • The Mercedes Benz G-Wagon, Jungkook’s beloved car from BTS, is up for auction

    0 shares
    Share 0 Tweet 0
  • While all crypto is bearish, YES WORLD Token Price jumped by 10% in 24 hours

    0 shares
    Share 0 Tweet 0
Crypto Trendings

We bring you the latest news in the crypto and finance industry. We envision the goal of completely decentralised future.

Reach us at:

[email protected]

BITCOIN NEWS

Expert Reveals “Best Bets” Against Impending Economic Collapse

Expert Reveals “Best Bets” Against Impending Economic Collapse

July 28, 2022
Meta A Bigger Threat For Crypto Crash Than The Fed, Here’s Why

Meta A Bigger Threat For Crypto Crash Than The Fed, Here’s Why

July 27, 2022
Why UST’s crash has experts talking and taking different sides

Why UST’s crash has experts talking and taking different sides

May 16, 2022

ALTCOIN NEWS

Ethereum price faces resistance at $650, can ETH break above?

Ethereum price faces resistance at $650, can ETH break above?

December 21, 2020
New withdrawal mechanism for ETH2 stakes ‘under discussion’

New withdrawal mechanism for ETH2 stakes ‘under discussion’

December 15, 2020
Ethereum King Buterin Loses Live Showdown to Twitch Chess Queen

Ethereum King Buterin Loses Live Showdown to Twitch Chess Queen

December 16, 2020
June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« May    
  • About
  • Advertise
  • Careers
  • Contact

© 2020 Crypto Trendings

No Result
View All Result
  • Home
  • Industry
  • News
  • Business
  • Bitcoin
  • Interviews
  • Tech
  • Altcoins

© 2020 Crypto Trendings