GEORGE TOWN, Cayman Islands, November 8, 2022 /PRNewswire/ — MarginX, the world’s first community-based decentralized exchange (DEX), launches today on the Function X blockchain. It runs on a unique multi-chain and on-chain infrastructure that enables investors to trade with near-zero gas fees , ultra-high throughput and liquidity, and full ownership and transparency.
During its beta testing in August this year, the DEX accumulated a total transaction volume of more than 45 billion USDT. Currently, the number of transactions on MarginX with a small group of invited users is steadily increasing to over 48 million, with the most recent figures on Function X StarScan (https://starscan.io/).
“Today marks a milestone not only for MarginX but also for the DeFi ecosystem as we advance the notion of true decentralization and uphold the values of community and ownership through our unique DEX infrastructure,” said Dr. Danny Lim, Core Contributor to MarginX. “We are excited to build on top of the Function X blockchain as it gives us the multi-chain architecture and EVM compatibility that creates the right DeFi environment for MarginX and its future DeFi protocols.”
MarginX: A truly decentralized DEX for the community
As the world’s first community-based DEX, MarginX strives to be a contributor-driven, fully decentralized blockchain infrastructure. To explain further, the DEX can be defined by the following main characteristics:
1. Super low transaction fees
