Solana Bulls Eying Uniswap-Killer DTX Exchange, Here’s Reason
Highlights
- DTX Exchange now posing threat to Uniswap
- Solana bulls are eyeing embrace the exchange's token
- This interest stems from the congestion woes that makes it less attractive now
Enthusiasts in the Solana (SOL) ecosystem are getting attracted to the DTX Exchange project. This is in part because it meets their expectations in that it revolutionizes user’s trading experience.
DTX Exchange Offers Best of CEX and DEX
Like Uniswap, DTX Exchange is a platform with decentralized features but it differs from the former in certain ways. While Uniswap is a completely decentralized platform, DTX is a hybrid exchange. This means that it provides both centralized and decentralized features that offer a comprehensive experience for traders who utilize the platform.
DTX Exchange combines the speed and efficiency of centralized exchanges, and the security, safety, and privacy of decentralized exchanges to provide users with this experience. Another distinct feature of the DTX Exchange is its capacity to offer up to 120,000 trading assets with an average execution speed of 0.04 seconds. Overall, the exchange believes that this makes it one of the most versatile brokerages on the market.
Before now, Uniswap was touted for being an innovative engine on the existing Decentralized Finance (DeFi) infrastructure. It utilizes liquidity pools that make it easier for users to navigate transactions seamlessly. Uniswap also claims to eliminate the need for third parties in such transactions, a feature that is highly recognized in the crypto industry. All of these features allegedly placed the protocol as a cornerstone in the ecosystem.
Looking at the features of both exchanges, investors and analysts are confident that DTX can grow to conveniently compete with Uniswap soon, especially if it maintains its upward trajectory. The DTX token has a current market price of $0.01352 and some experts think that it has a massive growth potential.
By the project’s second fundraising round, it is expected that DTX’s price will jump by 275%, bringing the value to $0.075.
Solana Congestion Triggers Quest For Alternatives
Solana Bulls’ interest in the project underscores their commitment to investing in innovative and profitable deals. With Solana experiencing a bout of network congestion which has contributed to the price dip of SOL, other profitable investments like DTX Exchange come off as a viable short-term opportunity.
Currently, Solana is exploring different options to curtail the occurrence of these network congestions. One of the few options that has been considered is Solana’s Stake Weighted Quality of Service (SWQoS). This will serve as a Sybil/spam discrimination engine, providing global protection against such activities.
The latest solution push is the proposal to stress test the network through the forking of the ORE protocol. Noteworthy, all of these solutions are still under discussion and consideration.
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