фото показано с : invezz.com

IDEX’s v3 Hybrid Liquidity DEX generated more than $100 million in trade volume since being launched on December 1, Invezz learned from a press release. More than 30,000 unique wallets have traded on the DEX since then, which is based on Polygon (MATIC/USD).

As the first hybrid liquidity DEX in history, it aims to establish hybrid liquidity as a true competitor to the order book and automated market maker designs, which expose DeFi traders to slippage, huge gas fees, front-running, sandwich attacks, and more.

IDEX created v3 Hybrid Liquidity to give traders access to the most popular features of CEXs and DEXs, like AMM pool liquidity and high-performance order books without sacrificing security. V3 has accumulated TVL of more than $30 million since December 1. In addition, IDEX facilitated nearly 350,000 failsafe trades in this time frame.

With view to this unprecedented trade volume, IDEX expects the Hybrid Liquidity design to become a viable alternative to the order book and AMM. IDEX CEO Alex Wearn commented:

DeFi has seen incredible growth over the past year, and still has immense potential to expand. For DeFi to realize its potential, it needs to protect its users from the persistent failures within the space. The usage of IDEX v3 indicates that DeFi traders are excited to trade in a hybrid environment without the fear of failed transactions. We believe this DEX model will be a catalyst for further DEX development across the ecosystem as we catapult DeFi to the next level.

Polygon has managed to render transactions cheaper, faster, and more reliable than Ethereum (ETH/USD), making it a logical choice to host v3. Since May this year, the Polygon Network’s TVL has not dropped below $3 billion, drawing attention to its sustained success. IDEX expects its v3 Hybrid Liquidity deployment on Polygon to yield the highest possible returns for traders.

Wearn added:

Our goal has always been to grow the decentralized economy. Given the growth and success of the Polygon network, we felt that it was the ideal platform to launch v3. We’re so excited to witness Hybrid Liquidity become a staple in DeFi, and, more importantly, how it safeguards traders against the existing pitfalls.

After the launch, IDEX token was listed on Coinbase, Huobi, and other exchanges. IDEX will explore additional networks to deliver its novel DEX features in the next months.

The post IDEX Hybrid Liquidity DEX generates over $100M in two weeks since launch appeared first on Invezz.

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