Wednesday, December 6, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

DisruptDEX: How to Improve DeFi’s Performance and Experience with zkSync

by firstcryptonews
April 15, 2023
in Press Release
DisruptDEX: How to Improve DeFi’s Performance and Experience with zkSync

Decentralized finance (DeFi) is a hot topic in the blockchain field, which aims to provide various financial services such as lending, trading, and insurance through smart contracts and distributed networks. While, it also faces some challenges, such as congestion on the Ethereumeum mainnet, high fees, and inefficient transaction speed. In order to solve these problems, some projects have started to explore the use of Ethereumeum Layer 2 (Layer 2) technology to enhance its performance and experience.

DisruptDEX is an order book decentralized exchange deployed on zkSync, an Ethereumeum Layer 2 blockchain, and an on-chain perpetual contracting protocol. Created in June 2022, it focuses on providing decentralized perpetual and spot trading with no slippage and low cost through a liquidity pool USD. It not only supports the Ethereumeum mainnet, but also supports zkSync, the second layer public chain of Ethereumeum, thus achieves higher throughput, lower fees and faster confirmations.

zkSync is a public chain that uses zero-knowledge rollup (ZK rollup) technology to solve Ethereum’s current scalability problems. It can pack thousands of transactions into a single block and use zero-knowledge proof (ZKP) to guarantee its correctness and security. zkSync also supports smart contracts and EVM compatibility, allowing developers to deploy a variety of decentralized applications (DApps) on it.

DisruptDEX uses the advantages of zkSync to provide users with a lower Gas, higher TPS, more secure, and more diverse decentralized trading experience. Users can use any asset on the DisruptDEX platform as margin, including stablecoins, tokens and NFTs, and enjoy up to 100x leverage. Users can also earn revenue by participating in USD or pledging Token DD.

USD is one of the core innovations of DisruptDEX, a unique liquidity pool design that automatically adjusts asset allocation among liquidity providers (LPs) to maximize returns and minimize impermanent losses. USD also enables cross-chain asset conversion, allowing users to trade on different chains. Token DD is another innovation of DisruptDEX incentive mechanism, the governance token of the DisruptDEX platform, providing users with more usage scenarios and value interactions. Holders can participate in the platform’s decision making and governance, and enjoy the platform’s revenue dividends.

As an emerging DEX platform, DisruptDEX successfully received seed round and A round of financing from well-known investment institutions with a total of $10 million in financing support. And in February 2023, B round of financing brought in an additional $20 million for DisruptDEX. In addition, a $500 million commitment provides strong financial security for DisruptDEX’s future growth. Some investment institutions show great interest in DisruptDEX.

DisruptDEX is an innovative and cutting-edge project dedicated to promoting the development and popularity of DeFi. In the future, it will further develop financial services such as vaulting, lending, social trading, and options to gradually build a more complete DEX financial ecosystem. With the technical breakthrough of zkSync and the development of public chain, it is expected to become the star DEX of zkSync public chain.

Related Posts

Revolutionizing AI: ALAYA AI’s Sustainable Community Business Ecosystem

Revolutionizing AI: ALAYA AI’s Sustainable Community Business Ecosystem

by firstcryptonews
December 6, 2023
0

ALAYA AI, a pioneer in distributed artificial intelligence data platforms, is proud to announce the launch of its innovative platform...

ElmonX Unveils Van Gogh’s Masterpieces “Meules de blé” and “Cabanes de bois parmi les oliviers et cyprès” in Groundbreaking NFT Release

ElmonX Unveils Van Gogh’s Masterpieces “Meules de blé” and “Cabanes de bois parmi les oliviers et cyprès” in Groundbreaking NFT Release

by firstcryptonews
November 26, 2023
0

Two Iconic Works Fetched a Combined Total of $107,205,000 at Auction – Now Transcending Art with a Digital Renaissance on...

Neobank startup iPeakoin raised nearly $10 million Series A from Zhenfund

Neobank startup iPeakoin raised nearly $10 million Series A from Zhenfund

by firstcryptonews
November 23, 2023
0

iPeakoin, an innovative neobank building solutions across traditional finance and crypto, recently closed its Series A, "close to ten million...

The Next Evolution of Blockchain Hybrid Infrastructure THXNET. Launches its Main-net To Support Its Web3-as-a-Service Offerings

The Next Evolution of Blockchain Hybrid Infrastructure THXNET. Launches its Main-net To Support Its Web3-as-a-Service Offerings

by firstcryptonews
November 23, 2023
0

In a major leap for the digital age, THXLAB proudly announces the public launch of THXNET. main-net going live. THXNET....

Save Earth Mission’s Community Shatters Records with 9x Returns Poll Win

Save Earth Mission’s Community Shatters Records with 9x Returns Poll Win

by firstcryptonews
November 8, 2023
0

Save Earth Mission is taking an extraordinary leap towards environmental stewardship by offering a monumental 9x return on investments to...

The Symbiotic Relationship between Halving and Bull Runs in Cryptocurrency

The Symbiotic Relationship between Halving and Bull Runs in Cryptocurrency

by firstcryptonews
November 8, 2023
0

Introduction Let's embark on an exciting journey into the world of BitcoinCode (BTCC) (https://bitcoincode.technology/) , a recent entrant in the...

Next Post
Exclusive “FREQ” NFTs” To Release In 3D and Augmented Reality on ElmonX

Exclusive “FREQ” NFTs” To Release In 3D and Augmented Reality on ElmonX

Recommended

Karvuon

The Importance of Alternative Energy and its Benefits

4 years ago
Triple X, an Inclusive Ecosystem with Advanced Features and High Rewards

Triple X, an Inclusive Ecosystem with Advanced Features and High Rewards

1 year ago
Synergy Integrates Social Media and E-commerce to Create a Platform that will Transform the Space for Good

Synergy Integrates Social Media and E-commerce to Create a Platform that will Transform the Space for Good

10 months ago
Puregold Pgpay

Enhance your returns from gold investment through PureGold

4 years ago
Funky Cat Club – The Must-Have Collectible in 2023

Funky Cat Club – The Must-Have Collectible in 2023

10 months ago
The Giving Pool: Raising Funding for Worthy and Charitable Foundations

The Giving Pool: Raising Funding for Worthy and Charitable Foundations

1 year ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

ElmonX Unveils ‘Moona Lisa’: A Digital Collection by World-Famous Street Artist Nick Walker

ElmonX Unveils ‘Moona Lisa’: A Digital Collection by World-Famous Street Artist Nick Walker

September 6, 2023

Press Release

Revolutionizing AI: ALAYA AI’s Sustainable Community Business Ecosystem

Revolutionizing AI: ALAYA AI’s Sustainable Community Business Ecosystem

December 6, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News