As part of its growth strategy, ADEX has joined Unizen’s ZenX Labs incubation program.
Key Notes
- ADEX partners with Unizen, promising to eliminate barriers in the world of decentralized finance (DeFi) ecosystem by enabling smooth cross-chain trading across multiple blockchains.
- With Unizen’s interoperability protocol, ADEX will allow users to trade across eight blockchains at launch with plans to expand to more chains over time.
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ADEX, a decentralized exchange (DEX), announced today that it has secured a strategic partnership with Unizen, a leading provider of cross-chain solutions, to revolutionize the decentralized trading experience for users.
The collaboration aims to break down the technical and accessibility barriers that currently limit the decentralized finance (DeFi) ecosystem. The company plans to leverage Unizen’s advanced technology, to enable users to trade assets across multiple blockchains, creating a more inclusive and user-friendly trading experience, for traders, regardless of their experience level.
Expanding Cross-Chain Access for Users
While ADEX is yet to launch, the company revealed that the partnership will provide users with extensive access to the DeFi market from day one. Upon debut, users will be able to trade across eight blockchains. However, the exchange plans to add support to three more networks within a few months after launch.
In addition to cross-chain capabilities, ADEX will grant users access to decentralized liquidity pools across all supported protocols. These protocols combined boats of over 20,000 digital assets available.
The DEX plans to leverage Unizen’s Interoperability Protocol (UIP), which is already integrated with major blockchain networks such as cBridge, Axelar, Stargate, ThorChain, and LayerZero to allow traders to seamlessly tap into multiple liquidity pools.
The move aims to enhance market reach and trading efficiency for users.
Through the new partnership, traders will also benefit from Unizen’s low slippage offerings. Using its unique ULDM (Universal Liquidity Distribution Mechanism) technology, Unizen delivers better price execution for trades, minimizing slippage and reducing transaction costs for users.
ADEX Joins Unizen’s Incubation Programme
ADEX said the collaboration aligns with its mission to offer more than just a standard trading platform.
“Partnering with Unizen is a huge step forward for us at ADEX. Their cutting-edge aggregation tech fits right into our mission of offering more than just another trading platform—we want to make DeFi as accessible and smooth as possible. Our goal is to build an exchange that truly changes how people trade, bringing in a whole new wave of users into the world of decentralized finance,” said Paul Giles, ADEX CMO.
In addition to enhancing its cross-chain capabilities, ADEX has joined Unizen’s ZenX Labs incubation program. This initiative provides companies with access to cutting-edge technologies and growth opportunities, enabling them to scale effectively in the competitive crypto market.
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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
