DEXes Galore! WRDEX and Bitlly DEX are live and available in the Wanchain DApp Store
The two newly launched decentralized exchanges are both built using the WanDex framework, and share liquidity to ensure a smooth trading experience
Rapidly Expanding Wanchain DApp Ecosystem
Decentralized exchanges WRDEX from Wanchain ecosystem project RiveX and Bitlly DEX from previous Wanchain collaborator Bitllywood are the two newest DApps to be added to Wanchain’s rapidly expanding DApp store. The DApp store, which is available through the Wanchain official desktop wallet, hosts decentralized applications (DApps) which run by third party operators and built on top of the Wanchain blockchain. The DApp store launched recently with the Wandora Box DApp (video guide) from Wanchain ecosystem project FinNexus, and is set to continue expanding further.
“Wanchain’s development of decentralized crosschain technology makes the crosschain DEX possible for the first time to crypto users, and in the near future, we plan to launch the Wanchain DeFi Global Partner Program which will allow partners in different parts of the world to easily operate DeFi businesses such as crosschain DEXes, no-loss lotteries, P2P private exchanges, crypto options etc' by working together with Wanchain“— Lini, Wanchain VP of Business
“WRDEX is a revolutionary DEX which incorporates shared orderbook and liquidity from a CEX while staying decentralized. The outreach to WRDEX will increase as it is now available in Wanchain’s DAPP store.” — Mark Tan, RiveX Co-founder
Built With Wandex — Shared Liquidity, Crosschain, Highly Scaleable
The Wandex framework builds on top of DDEX’s Hydro Protocol with a variety of modifications and improvements. It includes front end, wallet, and smart contract modules. There are three features in particular which make Wandex an excellent solution if you’re considering setting up a DEX: shared liquidity, crosschain features, and high scalability.
- Shared liquidity — Wandex operators may choose to take part in a shared liquidity pool. This means that different DEX operators can all benefit each other by increasing the liquidity pool and ensuring that all Wandex DEXes can offer a smooth trading experience.
- Crosschain features — Wandex supports the trading of all crosschain assets currently available on Wanchain, including ETH, BTC, EOS, and a number of mainstream ERC20 assets. Wanchain is continually adding to its list of supported crosschain assets, so expect to see this list growing. This enables for the decentralized and permissionless trading of assets on different chains, something which was previously impossible (generally only centralized trading of assets from different blockchains has been done until now).
- High scalability — Wanchain currently features speeds of over 2000 transactions per second, which means Wandex is highly scalable and can handle high volumes of rapid trading.
Decentralized Crosschain DEXes — an Essential Part of Wanchain’s Ultimate Vision
Wanchain’s ultimate goal has always been to allow for value to flow freely between chains, and to support the establishment of complex crosschain financial applications. In the last several years, the Wanchain team has been hard at work and focused on building the core infrastructure for the crosschain transfer of value.
The establishment of the first few crosschain DEXes on Wanchain marks a big step in moving forward from the development of core infrastructure towards the development of end user facing applications. While they were previously forced to use centralized services, now with DEXes built with Wandex individual users can finally trade assets from different chains in a permissionless and decentralized manner.
About Wanchain
Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in Beijing (China), Austin (USA), Kuala Lumpur (Malaysia), and Madrid (Spain).
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