Cardano had been working excellently since the day it came out in the stock market. Cryptocurrency prices may fluctuate more often. Therefore, it may not be good for all investors. But, growing numbers of people dared to engage in the world of digital assets. Cardano is one of the best names when speaking about cryptocurrency, which is known for its digital currency named Ada. Recently, Cardano and Ada have gained more importance in these recent times. Speaking about cryptocurrency, it should be associated with money and investment. Cardano DEX is run by Adax on the Cardano Blockchain network. The monetization and transaction features are AMM protocol-based. The blockchain participants are allowed to provide liquidity and exchange native tokens.
Decentralized asset exchange
DEX stands for decentralized exchange, a peer-to-peer marketplace connecting cryptocurrency buyers and sellers. DEX is non-custodial, in which a user has control of their private keys during DEX platform transactions. Anyone can check and control their assets and exchange, which has a reverse meaning to a centralized exchange. DEX uses smart contracts, which are self-executed, under set conditions and recording every transaction to the blockchain.
Decentralized exchanges emerged as the alternative to centralized exchanges platforms. It offers two different features:
- P2P trading
- DeFi (decentralized finance)
DEX platforms have increased global trade volume from 0.11% to 6% in the year 2020. As of October 2020, the monthly trading volume increased on decentralized exchanges. It takes a different method to facilitate buying and selling digital assets. There is no reason for you to use an intermediary organization for clearing transactions, DEX leverages the functionality of smart contracts. Indeed, the absence of intermediaries with DEX is possible. A user can take control of the private keys and digital currency funds. There is no counterparty risk such as credit default, anti-money laundering, and don’t follow KYC (know your customer) protocols.
Invest in Cardano – the smartest way
The world of cryptocurrencies is relatively a new market. Crypto assets have become the new darling and most attractive option for investors. Due to a lot of options, Cardano Blockchain makes it one of the best choices for these investors that is very interesting. Cardano might be new to the world of digital assets, yet it never stopped its rise until today. Ada has exploded as a classification of digital tokens, which makes it one of the top 10 cryptocurrencies nowadays. Thus, it attracts the investors to get engaged in the Cardano blockchain with two-layer structures:
- CCSL (Cardano Settlement Layer). It carries digital currency transactions.
- CCL (Cardano Compuration Layer). It runs the apps and allows developers to engage.
Take advantage of using ADAX, which users can invest into the said decentralized exchange platform. If you are new to cryptocurrencies, then you must try them now.