BYDFi has launched MoonX, a new on-chain trading engine aimed at simplifying DeFi access for users of centralized exchanges.
CEX vs. DEX: From Competition to Integration
With the rise of meme coins, airdrops, and early-stage tokens, on-chain markets have become a high-growth area for crypto users. However, wallet setup, gas fees, and cross-chain operations remain barriers for mainstream CEX users. At the same time, CEXs face limitations in capturing early-stage or long-tail assets. The industry is clearly shifting towards integrating CEXs and DEXs into complementary systems.
MoonX: The Gateway to On-Chain Trading
MoonX serves as a lightweight entry point to Web3 trading. It combines the security and familiarity of CEXs while unlocking the asset diversity and potential of DeFi. Users can instantly execute trades without needing to switch wallets or incur gas fees. MoonX currently aggregates liquidity from various platforms supporting over 500,000 meme coins.
BYDFi: Entering the Dual-Engine Era
The launch of MoonX marks the beginning of BYDFi’s dual-engine architecture that allows users to manage both centralized and on-chain assets in one unified account. According to BYDFi co-founder Michael, the integration of CEX and DEX brings improved trading efficiency and allows for greater accessibility to decentralized finance.
MoonX represents a significant step in the evolution of on-chain trading, potentially altering how users interact with decentralized assets and making Web3 more accessible to a broader audience.
