MDEX Overtakes Uniswap in Daily Trading Volumes, Captures 54% of DEX Market Share

in mdex •  4 years ago  (edited)

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Fast-growing Heco-based MDEX recently announced their record breaking daily transaction volume of USD 5.05 billion. Implementing a unique ‘dual-chain dual-mining’ mechanism on the platform, MDEX burst on the DEX scene just slightly over a month ago on Jan 19 and has not looked back since.

The young and ambitious DEX has its sights set on dethroning Uniswap and has surpassed the DEX king a number of times in daily trading volumes, the most spectacular being its USD 5.05 billion volume on February 24. Currently in terms of DEX market share, MDEX is ranked number one on Coinmarketcap, capturing 54.49% of the market at the time of this writing.

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