MarginX has launched on the Function-X blockchain. The DEX (decentralized exchange) features high liquidity and throughput. It also boasts one of the lowest gas fees in the industry. Thanks to its unique multi-chain and on-chain functionalities.
The platform’s success is apparent, having reported over 45 billion USDT transactions during its Beta test in August this year. The figure has been steadily climbing and currently stands at over 48 billion. Up-to-date numbers can be accessed at https://starscan.io/.
Key MaginX Features
Margin-X vision is to provide a truly decentralized community-focused ecosystem, partly explaining the decision to have the protocol created on the Function-X blockchain.
“We are thrilled to be building on the Function X blockchain, as it provides us with the multi-chain architecture and EVM compatibility that sets the right DeFi environment for MarginX and its future DeFi protocols,” explained Margin-X core contributor Dr. Danny Lim.
Low gas fees: MarginX offers near-zero transaction fees, a rare possibility in the blockchain space. To achieve impressive rates, the platform is powered by a hybrid infrastructure (cross-chain, multi-chain, and para-chain).
Supports TradFi and DeFi: MarginX integrates TradFi & DeFi, empowering users to develop their DeFi products across the platform.
Full ownership of assets: The protocol also supports on-chain transactions and trading through non-custodial wallets like the f(x)Wallet, MetaMask, and TrustWallet. As a result, it grants full ownership of assets to respective users.
Transparency: The platform upholds visibility and access. So, all on-chain transactions are recorded; therefore easy to track and scrutinize if the need arises.
Powered by the Function X chain, the just-launched MarginX is the world’s-first community-based, truly decentralized exchange. The platform allows for trading and creating derivatives like stock-based products and traditional financial assets.