Horizontal evaluation of DEX, a brief analysis of NGKEX’s cross-chain technological innovation
From the beginning of the year to now, the DeFi market is still thriving, and it seems that it is also laying the foundation for the development of the crypto world next year. There is no doubt that DeFi is still the main theme in the popular cryptocurrency market.
The difference is that the development trend of DeFi this year has been upgraded based on DeFi in 2020, and new directions have been explored at the same time. The DeFi subdivision field, DEX has become the center of attention this year, especially its faster transaction speed, lower slippage, and lower gas fees, which have been recognized by many users.
In fact, based on the anticipation of future trends, NGKEX has been developing in this direction and has gradually emerged in this highly competitive DEX.
The current DEX track is mainly divided into two types, one is a DEX platform based on the Ethereum protocol, such as Uniswap; while the other is a DEX platform based on the bottom technology of its own blockchain, such as NGKEX.
Obviously, compared to the DEX platform based on the Ethereum protocol, the DEX platform built with its own bottom technology seems to be more popular. This is confirmed by NGKEX.
Compared with the mainstream DEX platform, although NGKEX is newly launched, it does not affect its advantages. The low gas cost, high throughput, and stability of NGKEX have been recognized by many ecological builders. Therefore, since NGKEX went online, the number of registrations on the entire network has been increasing sharply.
Returning to the user’s point of view and careful analysis, in addition to providing users with a safe, fast, and low-cost mining environment, the NGKEX is also user-friendly. It breaks the state of blockchain islands and supports users from different blockchains to purchase and transfer their assets. This is because in the view of NGKEX, the future of DeFi will definitely be interoperable, rather than just relying on a single chain.
Therefore, NGKEX has created a cross-chain DEX protocol based on the bottom technology of NGK blockchain, and it is committed to building a new generation of DEX network.
In the design of NGKEX, it will expand the cross-chain protocol based on the NGK blockchain to create a general bottom-level protocol specially for the DEX cross-chain. This is an open source protocol of the decentralized ecological exchange on the NGK blockchain network. The goal is to establish a networked liquidity layer, which will allow all NGK parachains to share the liquidity network of NGK blockchain assets based on this. In the future, the cross-chain asset transactions other than NGK parachain will also be expanded.
In the future era of interconnection, this model of NGKEX will have a natural advantage in scalability. At this stage, with the development of DEX, the asset cross-chain has gradually introduced its hidden attributes and has attracted many people’s attention. The feasibility for the first generation of cross-chain asset verification channels and usage scenarios, namely anchored assets of the “semi-cross-chain” model has been verified. Hence, the real asset cross-chains such as NGKEX are about to shine.