MarginX, World's First Community-Based Decentralized Exchange, Launches on Function X Blockchain

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Grand Cayman, Cayman Islands, 8th November, 2022, Chainwire

MarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency.

During its beta test in August this year, the DEX accumulated a total transaction volume of more than 45 billion USDT. Currently, with a small group of invited users, the number of transactions on MarginX continues to steadily climb past 48 million, with the most updated numbers found on the Function X StarScan (https://starscan.io/).

“Today marks a milestone for not just MarginX but the DeFi ecosystem, as we push forth the notion of true decentralization, and uphold the values of community and ownership through our unique DEX infrastructure,” said Dr. Danny Lim, Core Contributor of MarginX. “We are thrilled to be building on the Function X blockchain, as it provides us with the multi-chain architecture and EVM compatibility that sets the right DeFi environment for MarginX and its future DeFi protocols.”

As the world’s first community-based DEX, MarginX is committed to being a contributor-driven, fully decentralized blockchain infrastructure. To further elaborate, the DEX can be defined by the following key features:

In addition, in never-before-seen DEX style, MarginX offers a paper trading platform (https://demo.marginx.io) that runs parallel to its live trading platform. This is to allow new users to learn