In recent years, decentralized exchanges (DEX) have emerged as a preferred choice for cryptocurrency enthusiasts, especially as centralized exchanges face increased regulatory scrutiny. Giants like UniSwap and Aave have dominated platforms like Ethereum, Polygon, Solana, and other EVM-based chains. Now, Cardano’s limitless DeFi platform has introduced a DEX named AXO, marking a significant leap forward.
After two years of testing, Cardano’s AXO DEX is set to be publicly available. Starting from October 19, Cardano users can explore a treasury of freely minted tokens, providing opportunities for trading and understanding the platform’s future operations.
Some notable features of AXO include:
- AXO Basic: An intuitive interface for easy trading, suitable for beginners.
- AXO Pro: An upgraded trading interface allowing users to receive trading strategy advice through algorithms and bots.
- Editor: A drag-and-drop interface enabling users to create advanced transactions.
- Customizable and Separate Trading Dashboards: Tailored to individual user needs.
AXO is considered one of Cardano’s most sophisticated DeFi platforms, impressing users with its complexity, especially when compared to competitors like MinSwap and Indigo.
The AXO launch has generated positive responses from the community, leading to a surge in traffic. Pioneering transactions on the UTxO-based chain, many expect Cardano to elevate DEX trading, fostering robust development in the future.
However, there are lingering concerns about infrastructure hindering users from executing new transactions until their orders are executed on the blockchain. AXO has swiftly addressed these concerns, affirming active efforts to overcome these challenges.
