MDEX brings certainty to DEX transactions through visualizing markets

The decentralized exchange Mdex has launched the new function of market visualization on the Heco chain and optimized transaction functions. With this new visualization function, users will be able to see the price changes of trading pairs in Mdex.

This is the plan in MDEX’s previously updated Roadmap. According to the plan, Mdex will provide users with a premium DEX transaction experience. The newly launched functions of market visualization and trading at market price are the first step.

In the future, MDEX will enable more services, such as pending order strategies that will make transactions more convenient and comparable to the operation experience in centralized exchanges.

AMM model takes away users’ choices in transactions

The AMM model is a breakthrough for DEX, and indeed it has revolutionized the entire DeFi ecosystem. It has easily solved the problem of high fees and complex on-chain processes. Together with liquidity mining, it leads to the unprecedented DeFi trend last summer.  

However, the AMM model also has drawbacks. While enjoying a fast and convenient transaction experience, users slowly find themselves losing some choices, such as the trading price.

Without K-line charts that are conventionally provided in CEX and traditional financial markets to help us predict token prices, users can only complete transactions at the current price and cannot hold their orders pending for the optimal moment.

For market makers, this means an almost unavoidable impermanent loss. While for traders, without such functions as pending orders and markets, they have to make uninformed investment decisions and expose themselves to higher risks. This weakness is unbearable for professional traders.

Innovative strategy to bring convenience and decision rights to users 

Innovation and learning are the keys to breakthroughs. Mdex, as a Dex whose trading volume and TVL are at the leading level in blockchain, has once again made a pioneering attempt. This time the Beta of market visualization will bring MDEX to a new growth stage. 

By the visualized market, MDEX enables Trading view–a system that is widely used in the traditional financial market, to bring rich, clear, custom services and various indicators to users who can predict the trend based on their preferred investment theories.

The trading view is also the most common K-line system used by crypto market exchanges, including Binance, Huobi, OKEX, and Coinbase, etc. Cryptocurrency users are thus very familiar with this system. It is also very simple for users to add new trading pairs.  

In terms of UI interaction design, Mdex holds high the principle of operation convenience. The overall page design is similar to the mainstream CEX transaction interface.

Users can see the pool depth of the two types of tokens in the transaction pool, their transaction records (e.g., transaction volume and price, etc), on-chain information, etc., all of which are very helpful for users to see their profits and losses in a simple and direct way. This can help them to make better investment decisions.

In terms of transaction operation, it is also similar to that in CEX. Users can select the quantity they want to trade, the acceptable slippage, and confirm the transaction.

The new features make trading on Mdex much simpler and greatly reduces the sense of uncertainty often found in DEX transactions. For professional traders, it allows them to customize their investment strategies while ensuring transaction security. 

According to Mdex’s Roadmap, the next step will be the launch of the order transaction feature and the introduction of a wider variety of pending order strategies.

It will make more efforts to let users have the decision rights, which will undoubtedly attract more users. This, we firmly believe, will be the predominant trend for DEX. 

Disclaimer: This is a paid post and should not be treated as news/advice.