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Polkadex is a peer-to-peer order-book based exchange for Web3 built on Substrate that aims to combine the safe and non-custodial format typical of DEXs, with the advanced trading features and accessible and user-friendly structure customary of CEXs. Winning the 16th Polkadot parachain slot was an important goal for Polkadex, enabling it to become interoperable with other Polkadot parachain projects all while sharing the security of the Polkadot blockchain.
By obtaining a parachain slot, Polkadex moves much closer to fulfilling its mission of becoming the trading engine for DeFi and Web3. The Polkadex parachain will enable Polkadex Orderbook and Polkadex's whole slate of products to support Polkadot-native assets from all other parachains, and give the Polkadot ecosystem access to its first cross-chain, non-custodial order book-based exchange with high-frequency trading.
"Thanks to the Polkadex parachain we will be able to bridge assets with the Dotsama ecosystem and now users will be able to trade Polkadot ecosystem tokens from across the whole spectrum of parachains," said Polkadex COO Deepansh Singh. "This is a first for Polkadot and a first for DeFi as a whole."
Polkadex's crowdloan campaign for the batch 3 of the parachain auctions offered strong incentives for its community members. By establishing an auction cap of 1 million DOT...
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