KalqiX Wins For ‘Most Innovative Decentralized Exchange’ at CoinGape Web3 Innovation Awards 2026

Dubai, July 2026 – KalqiX, the zero-knowledge (ZK)-powered decentralized trading infrastructure platform, has been awarded Most Innovative Decentralized Exchange at the CoinGape Web3 Innovation Awards 2026.

The Best Innovative DEX award recognized its pioneering approach to building high-performance, self-custodial trading infrastructure for the next generation of decentralized finance.

Coming at a pivotal time for the industry, the CoinGape Web3 Innovation Awards recognize the projects driving meaningful innovation across the Web3 ecosystem.

The 2026 Award winners were selected through a rigorous process involving editorial research, community participation. The awards featured an independent jury of senior leaders from organizations including Visa, Polygon Labs, SharpLink, Liminal Custody, Beldex, and other leading Web3 companies.

The recognition comes as KalqiX continues to redefine what decentralized trading can look like. The DEX platform is founded by Sameep Singhania, co-founder of QuickSwap, alongside Nitin Sharma (CTO) and Prateek Singhania (CMO).

CEO Sameep said in a Block of fame op-ed piece,“KalqiX was built to solve one of DeFi’s biggest pain points.” KalqiX aims to offer traders the speed and sophistication of centralized exchanges without requiring them to surrender custody of their assets.

Unlike conventional automated market maker (AMM)-based decentralized exchanges, KalqiX is powered by a Zero-Knowledge (ZK)-enabled Central Limit Order Book (CLOB) architecture. This is combined with off-chain order matching with cryptographically verified on-chain settlement. Riding on its infra, the platform delivers sub-10 millisecond order execution, institutional-grade trading performance, shared liquidity, and private order flow. This is all while allowing users to retain complete ownership of their assets throughout the trading lifecycle.

However, KalqiX is not the DEX only platform. It also provides infrastructure for the broader DeFi ecosystem rather than simply another decentralized exchange. Through its white-label DEX framework, developers, enterprises, and Web3 communities can launch fully customized decentralized exchanges in under an hour. They can leverage KalqiX’s matching engine, shared liquidity network, and ZK-powered settlement layer. This infrastructure-first model enables builders to create scalable trading venues without developing complex trading architecture from scratch.

The platform’s early traction itself shows the growing demand for high-performance decentralized trading infrastructure. During testing, KalqiX processed more than 145 million transactions, facilitated over $100 billion in trading volume, and onboarded more than 7,000 users. Since its mainnet launch, the network has surpassed 198 million transactions, 100 million orders, 85 million completed trades, and 4.8 million blocks.

Commenting on the recognition, Sameep Singhania, Co-Founder of KalqiX, said:

“On behalf of the entire KalqiX team, I’d like to thank the CoinGape Web3 Innovation Awards for recognizing KalqiX as the Most Innovative Decentralized Exchange. We’re honored by this recognition and proud to stand alongside the builders shaping the future of Web3.

Today’s traders face a difficult dilemma. Centralized exchanges deliver speed and deep liquidity but require users to give up custody of their assets, while traditional decentralized exchanges preserve self-custody but often compromise on execution speed and trading efficiency. KalqiX closes that gap through our zero-knowledge-powered infrastructure, delivering sub-10 millisecond order execution while ensuring users remain in full control of their assets. We believe the future of digital asset trading shouldn’t require compromise, and this recognition reinforces our commitment to building the next generation of decentralized market infrastructure.”

The award also comes as decentralized exchanges continue to gain momentum across the digital asset industry. According to DeFiLlama, DEXs have processed more than $36 billion in trading volume over the past seven day. The DEX trading is increasing capturing a major share of the global crypto market as users seek greater transparency, self-custody, and permissionless access to financial services.

Receiving the Most Innovative Decentralized Exchange award reinforces KalqiX’s vision of becoming foundational infrastructure for the future of on-chain trading.