Beyond DEX: The Future of Crypto Trading on Solana Is Called Secretum

Crypto asset buying and selling has continued to skyrocket in 2021, hitting new and unprecedented data:

  • Volumes reached $3.eight trillion in April 2021 when bitcoin hit its all-time excessive.
  • Between August 2020 to 2021, the traded worth on giant decentralized exchanges (DEXs), like Curve, Uniswap, and PancakeSwap grew by about 550%
  • Main centralized trade (CEX) Binance’s spot cryptocurrency buying and selling volumes totaled $789 billion in September, versus $454 billion (€390.7 billion) in July, whereas derivatives volumes jumped nearly 25% to $1.7 trillion.

DEXs have been regularly grabbing market share  from CEXs:

One of many main drivers of this development is the perceived superiority of DEX on many fronts:

  • DEXs change a centralized authority with automated protocols that allow buying and selling and direct swapping of tokens, whereas CEX customers surrender management of their belongings to the trade’s servers.
  • DEXs present the consumer full management of their belongings, eliminating jurisdictional constraints, and negating the necessity for KYC procedures.
  • DEXs usually have decrease buying and selling charges in comparison with CEXs.

Regardless of their ongoing success, DEXs are nonetheless affected by a sequence of serious challenges.

  • They function on sensible contracts solely, limiting their buying and selling capabilities.
  • Most DEXs supply restricted liquidity, due to this fact asset costs are sometimes priced inefficiently.
  • Transaction speeds could also be gradual as they should be checked and validated on a blockchain community by the community’s miners, not the trade.
  • Most DEX platforms are thought-about to be not user-friendly.

Furthermore, DEXs have been the topic of a rising variety of cyber thefts and hacks:

  • In March 2021, the DODO DEX skilled a wise contract hack, with the attackers stealing roughly $3.eight million in cryptocurrency.
  • In August 2021, hackers stole greater than $600 million of digital tokens from the Poly Community DEX.
  • Half of all crypto hacks in 2020 originated from DeFi protocols and DEXs.

DEXs haven’t been capable of resolve the various safety challenges of CEXs. Because the crypto buying and selling sector continues to develop, there’s a robust market demand for a definitive buying and selling answer – one with all some great benefits of DEXs, with out its weaknesses. This answer is about to return to market, and its title is Secretum.

Secretum: Crypto Buying and selling, Reinvented.

Secretum is the world’s first and solely totally decentralized, encrypted, and safe buying and selling DApp constructed on the Solana Blockchain. The key innovation of Secretum is enabling the buying and selling of all crypto belongings (fungible and NFTs) instantly between customers, through a hybrid messaging + buying and selling perform. The defining options of Secretum are a game-changer for crypto buying and selling.

  • A safe and nameless sign-up course of, which solely wants the consumer’s crypto pockets handle – no emails, names, or different private information.
  • A straightforward, intuitive, and purely P2P buying and selling interface to ship and obtain cryptocurrencies and NFTs.
  • A novel search perform to find the house owners of particular NFT belongings, enabling two events to attach to one another solely through pockets handle and buying and selling.

Secretum’s benefits over DEXs are important:

  • No dangers of delicate information leaks and full safety of the id of crypto-asset house owners. All information is saved on the impartial and verified nodes within the Secretum community, with no central level of failure.
  • File low charges and nearly instantaneous trades, because of Solana’s functionality of 50,000 transactions per second and a mean value per transaction of solely $0.00025. This compares favorably to the 1% to 0.3% + gasoline charges normally charged by DEXs.
  • Merchants are capable of contact one another instantly and discover hidden liquidity in crypto markets – bettering execution instances and costs.

Secretum is able to unleash its platform at a time the place main DEXs are reaching valuations effectively into the billions of {dollars}:

As crypto buying and selling continues to develop, hacking assaults and cyber theft will turn into a fair bigger risk by way of frequency and measurement. Traders will due to this fact extremely worth a superior buying and selling and personal messaging platform with unequalled security measures. By leveraging the facility of the Solana Blockchain to supply distinctive advantages to crypto merchants, Secretum is positioning itself to be that platform. Secretum litepaper.