The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Polkadex Has Released the Polkadex Orderbook Decentralized Exchange

by Press Release
October 31, 2022
in Industry Announcements

Tortola, British Virgin Islands


Just over a year after the launch of the Polkadex mainnet, Polkadex Orderbook is now open for trading. The revolutionary orderbook-based DEX (decentralized exchange) is set to be a game changer for digital asset trading and DeFi.

In the last few years, DEXs like Uniswap have changed the way in which cryptocurrency is traded by giving traders control over their own funds. However, the AMM (automated market maker) model popularized by such DEXs has been plagued with exorbitant transaction fees, price slippage, front-running, low interoperability and limited functionality.

While it may be riskier due to potential hacks and data breaches, many crypto traders still prefer to use the advanced trading features of CEXs (centralized exchanges), which are cheaper to use and offer high levels of functionality and interoperability.

Gautham J, CEO and co-founder of Polkadex, said,

“This is the first time an orderbook is connected to two leading ecosystems, Ethereum and Polkadot, directly. We will continue to evolve as a cross-chain DEX connected to all leading ecosystems and sourcing native liquidity from BTC, XRP, MATIC, etc.”

Polkadex Orderbook’s cutting-edge architecture means that while it may look, feel and perform like a CEX, it remains non-custodial and preserves the security aspect of DEXs.

A unique combination of blockchain and TEE (trusted execution environment) technology, Polkadex Orderbook is not only the first project to use the Substrate Abstraction Layer for SGX technology to build a decentralized exchange – but it is also one of the first retail use cases of this technology in general.

With the decentralized security of a layer two DEX built on top of the Polkadex network and a sleek CEX-like interface containing advanced trading features (including limit and market orders), Polkadex Orderbook elegantly bridges the gap between centralized and decentralized trading. Built to be capable of scaling to high frequency trading, Polkadex Orderbook is as fast – if not faster than – existing CEXs.

Deepansh Singh, COO and co-founder of Polkadex, said,

“We will continue to position our DEX to empower the global trading community and drive towards a paradigm shift in being the torchbearer for trustlessness.”

While this release is the culmination of almost two years of work, it is only the beginning of what Polkadex has set out to accomplish. Currently, Polkadex Orderbook will only be supporting one trading pair – PDEX/USDT – with USDT being bridged over from Ethereum through ChainBridge.

After a bug bounty program with the aim of further securing the platform, the Polkadex team will start ramping up support for more trading pairs with version two coming within the next six months.

In the future, Polkadex will replace ChainBridge with its own tailored decentralized bridging mechanism, THEA, which will allow deposits and withdrawals from Ethereum to Polkadex and vice versa. THEA is set to add support for other layer one networks down the line.

Also, after having won a Polkadot parachain slot in May, Polkadex will soon connect its parachain to the Polkadex network and pave the way for assets from across the Polkadot parachain ecosystems to be tradeable.

Both THEA and the Polkadex parachain will allow Polkadex Orderbook to become the first interoperable non-custodial exchange capable of high frequency trading.

Vivek Prasannan, executive director and co-founder of Polkadex, said,

“We are trying to bridge the gap between Web 2.0 and Web 3.0. This is the first time an application-specific blockchain is designed from the ground up for an actual use case. Polkadex will be pioneering a new era in blockchain economics.”

Twitter | Telegram | Announcements | Medium | YouTube | Reddit | Discord | LinkedIn | GitHub

Contact

Dagmara Handzlik, head of marketing at Polkadex

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on X Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Aster Launches 24/7 Stock Perpetual Contracts Trading with Exposure to U.S. Equities
    July 16, 2025
  • The Sandbox Launches Largest LAND Sale to Date on GBM Auctions
    July 16, 2025
  • Vision (VSN) has arrived: the new standard for user-centric token ecosystems
    July 16, 2025
  • Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin
    July 16, 2025
  • MultiBank Group Announces Seven Million MBG Tokens Sold Out in Under One Hour During Initial Pre-Sale
    July 15, 2025
  • Allnodes Among First To Launch Bare Metal Servers Powered by AMD Threadripper 9000 Series
    July 15, 2025
  • Swarm Network Selects Walrus To Power Verifiable AI on Rollup.News
    July 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,647.79
$118,647.79
0.41%
Ethereum
$3,194.71
$3,194.71
4.65%
BNB
$692.50
$692.50
0.94%
Solana
$166.89
$166.89
3.4%
XRP
$2.98
$2.98
2.29%

Spotlight

  • Bitcoin Setup Suggests Explosive Rally Incoming, According to Analyst Who Called 2021 Crypto Top
    July 9, 2025
  • Goldman Sachs Abruptly Raises Targets for S&P 500, Predicts Fed Cutting Rates Earlier Than Expected: Report
    July 9, 2025
  • Investor Tom Lee Says Bitcoin Adoption Still in ‘Earliest Days,’ Predicts US Banks Will Soon Hold BTC As Collateral
    July 9, 2025
  • Bitwise CIO Reveals 4,000x Prediction, Says Ethereum, XRP, Solana and Others Will Be Impacted From One Booming Trend
    July 9, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl