A Decentralized Exchange and Liquidity Pool
MDEX is a Chrome extension by Swaplab © Official. It was previously known as MDEX.COM. It had 20 weekly active users and an average rating of 5.00 before it was removed from Chrome Web Store a year ago. MDEX is similar to MetaMask and Binance Chain Wallet. The last published version was 0.1.4, updated a year ago.
MDEX is an automated market making (AMM) decentralized exchange protocol that operates on the concept of fund pools, sharing some similarities with standard DEXs, but differentiating itself from competitors by using a dual-chain model modeled on both the Ethereum network and the Huobi Ecological Chain (HECO). This allows it to benefit from both the super-low transaction fees of HECO and deep liquidity of the Ethereum ecosystem. How Is the Mdex Network Secured? Uniswap is built on top of Ethereum, making it unavoidably connected to the smart contract-based blockchain network’s skyrocketing gas fees. As long as Ethereum 2.0 is not fully functional, DEXs that run on less-congested networks like Binance Smart Chain were bound to overtake Uniswap in terms of decentralized finance (DeFi) user onboarding and market volume at least temporarily, which is what played at the end of February 2021. On a side note, second-layer solutions like Optimism might help Uniswap’s scaling issues in the near future.
MDEX is safe to use. It does not request any sensitive permissions.
MDEX may not be trust-worthy. Avoid installing if possible unless you really trust this publisher.
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