The future decentralized trading network? – While the mainstream media has its eye on the twists and turns of theFTX deal and on the crypto companies that parade in the United States bankruptcy court, some continue to build away from the frenzy, calm as young people say today. the exchange MEX extension is a historic player in the ecosystem, specializing in cryptocurrency trading. He just announced the launch of a fund dedicated to developing applications on Network Six, an infrastructure blockchain built on top of Cosmos. Because it is important to understand who the giants of tomorrow may be, let’s set out together to discover these two outsiders.
One of the leading cryptocurrency platforms specializing in trading…
First, let’s take a look at this little-known exchange created in 2018. The Cryptocurrency Exchange MEX extension it grew up in the shadow of giants like Binance or fire FTX, being rather facing east. Also, during the Dubai Crypto Expo in 2021, he won the title of “ The best cryptocurrency exchange platform in Asia It is therefore present in the world’s top 10 platforms and in the Asian Top 3. Currently, MEXC has more than 7 million users distributed in more than 170 countries worldwide.
The exchange specializes in cryptocurrency trading with flagship products such as ETFs or futures contracts. Within the company, a branch named MEXC Ventures he is more specifically responsible for investing in the companies of tomorrow. With 300 partner companies and more than 100 million dollars in assets under management, MEXC Ventures is a major player.
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…is associated with a blockchain infrastructure also designed for trading
Now let’s go to Network Six, a so-called layer 1 blockchain specializing in trading. Developed by Laboratories Sixwhich he raised 5000000 of dollars this year, this network was designed for decentralized exchanges (DEX). Security, speed and above all a very large number of transactions are at the heart of the developers’ concerns. Six teams even advanced the figure by 22,000 commands per second. What, on paper, surpasses other networks such as Ethereum or even Solana. It is this feature that is of particular interest to teams from MEX extension.
For this reason, the platform has decided to put 20 million dollars on the table to support the development of this environment. His investment director, Leo Zhao explained to the press why he thinks this network will be a game changer:
“MEXC is committed to supporting innovative Tier 1 solutions to build more decentralized and efficient financial infrastructure. The Automated Market Maker (AMM) have been the dominant model in the cryptocurrency market for two years [dans la DeFi] and this monopoly was largely due to technological restrictions such as lack of speed and the type of smart contracts. That’s why we believe Sei’s customized solution will change the rules of the game in the industry. »
In the end, on the one hand there is a platform with significant financial means. And on the other a network with recognized capabilities. Exchange tends towards a form of decentralization when the network gives him the means. These two were made for each other! And to the Cassandras who announce the end of cryptocurrencies, MEXC and Sei Network respond in the best possible way. Because despite the situation, they are not the only ones foresee a more favorable future.
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