Dubbed the “DeFi Golden Shovel” in Chinese cryptocurrency circles, MDEX is a brand new DEX (decentralized exchange) which launched only a month ago on January 19 2021.
Their spectacular numbers at DeFiBox have certainly been raising eyebrows:
Highest daily transaction volume - USDT 5 Billion (latest update) https://lnkd.in/gSjeNP8
Total Volume Locked (TVL) - USDT 2.060 Billion
Over USDT 100 Million Transaction Mining fee subsidies for users
Over USDT 40.5 Billion in total transaction volumes
Over USDT 15.7 Million in total repurchases of MDX tokens with a real-time deflation rate of 5.96%
Over USDT 13 Million in total rewards paid out
Total market value of MDX mining output is USD 628 million
MDX token value has risen from USD 1 to USD 6.5
Full details here: https://www.asiatokenfund.com/global-news/surpassing-uniswap-volumes-mdex-cmo-reveals-how/