On March 25, the Kadena blockchain announced Bro-DEX, the first order-book decentralized exchange (DEX) built on its scalable Proof-of-Work network.
What is Bro-DEX?
Bro-DEX operates on an order-book model, contrasting common AMM-based DEXs which rely on liquidity pools. This approach directly matches buyers and sellers, offering precision and control that AMM systems often lack. A unique feature is the elimination of maker fees, encouraging liquidity provision and deepening market depth.
Why Kadena is Ideal for Bro-DEX
Kadena's blockchain, with its Chainweb architecture, is designed to handle up to 480,000 transactions per second, drawing on Bitcoin's security model. Its smart contract language, Pact, emphasizes safety and reliability, vital for a DEX like Bro-DEX.
Significance of Bro-DEX Launch
The launch of Bro-DEX elevates Kadena's ecosystem, integrating a robust and scalable financial element for decentralized finance. With zero maker fees, it provides a unique opportunity for traders to experience decentralized trading on Kadena.
Bro-DEX's introduction on Kadena showcases the blockchain's capability to support cutting-edge financial tools, attracting both traders and developers.
