Smooth and safe crypto trading? This perpetual DEX is up for the challenge

The booming blockchain sector relies heavily on crypto exchanges. The trading of crypto assets keeps the industry afloat, and exchanges are an important link. However, as the blockchain sector strives for constant development with decentralized transparency, exchanges have a long way to go. Furthermore, recent history has shown many problems related to the stability and even security of these exchanges. So what can be done to bring exchange technology to the next level?

Decentralized centers for increased security

Crypto exchanges are divided into two camps: decentralized exchanges (DEXs) and centralized exchanges (CEXs). Besides the difference of two letters, these exchanges also differ significantly in their operation. Decentralized exchanges offer direct peer-to-peer transactions without an intermediary or custodian handing over fund management.

However, centralized exchanges lack this independence. Also, the centralized foundation these platforms rely on makes them more vulnerable to hacks and other types of attacks. For this reason, CEX platforms are constantly in the spotlight for the mishandling of client funds, such as the infamous case of the now bankrupt FTX.

Besides the basic level benefits of a decentralized trading platform, a DEX often comes with benefits such as higher token availability, higher anonymity, and reduced counterparty risk.

DEX Development: Where Are We?

While the move to the decentralized direction of crypto exchanges may sound like a no-brainer, it is more complex than it appears. To get there, DEXs have to overcome several drawbacks and challenges. With a complete solution still under development, using a DEX for trading requires users to have some technical knowledge.

First, the DEX user needs a wallet that can interact with smart contracts. Secondly, a certain preliminary understanding is required to keep user assets safe. Finally, the user’s wallet must be funded with the correct native tokens to avoid loss of assets.

Still, as developers work to improve their products, DEXs are getting better. Therefore, decentralized exchanges seem like the natural direction for evolution of crypto exchanges.

Increased security and usability on perpetual DEXs

As advancements in the DEX sector continue to emerge, users can now explore attractive new opportunities. One of them, DPEX, is a perpetual DEX that operates on the Polygon blockchain to provide the sector with a newer and more secure level of secure digital asset trading. DPEX prides itself on being a perpetual exchange, meaning that the chain contracts have no expiration date, enabling trading for as long as the user wants. This way, traders can take advantage of trading opportunities while making money without worrying about expiring contracts.

DPEX aims to provide its users with both flexible trading and increased security. The platform achieves these goals with instant transaction execution and zero price impact. In addition to this, DPEX rotates for participation.

The DPEX Foundation enables leveraged trading and on-chain voting, giving participants control over their assets and the opportunity to challenge the exchange system. Furthermore, by holding DPEX tokens, which were recently sent to early participants, users become part of the platform’s ecosystem, and gain a say in important platform development.

The future of DEXs

Thanks to their higher security compared to many CEX solutions, DEXs are an organic direction for future crypto exchanges. While it cannot be denied that much development is still required, the industry has seen some notable developments in security and ease of use. At the end of the day, the challenges are there to be overcome and the DEX exchanges are getting better day by day.