ADEX partners with Unizen to launch cross-chain decentralized trading

2024-10-3 18:12

ADEX, a global digital exchange platform, has announced a strategic partnership with Unizen, a leading provider of cross-chain decentralized exchange (DEX) and decentralized finance (DeFi) aggregation technology. 

The collaboration, set to revolutionize decentralized trading, will allow ADEX users to trade seamlessly across multiple blockchains, offering enhanced liquidity and minimizing trading slippage.

The partnership is a key step in ADEX’s mission to make decentralized finance more accessible to users worldwide.

Seamless decentralized trading experience across 8 chains

The partnership with Unizen brings advanced DEX aggregation capabilities to ADEX.

From the launch, users will be able to trade across eight different blockchains, with three more planned for integration in the coming months. 

ADEX users will also gain access to Unizen’s 197 liquidity sources, ensuring efficient cross-chain transactions. Unizen’s Interoperability Protocol (UIP) is already integrated with major cross-chain platforms such as cBridge, Axelar, Stargate, ThorChain, and LayerZero, with more integrations planned.

Unizen’s proprietary ULDM technology will enhance users’ trading experience by reducing slippage and delivering better price results. 

This is especially important as decentralized finance continues to evolve, with ADEX aiming to reduce technical barriers and improve user accessibility, particularly in cross-chain liquidity.

Driving innovation in decentralized finance

ADEX’s collaboration with Unizen is part of a broader effort to foster innovation in decentralized trading, making DeFi more inclusive for new users. 

The partnership also enables ADEX users to benefit from low-slippage cross-chain trades, in addition to access to private liquidity sources, native BTC trading, and a dedicated Real World Asset (RWA) exchange built on an independent Layer One blockchain.

“Partnering with Unizen is a significant step forward for ADEX. Their cutting-edge aggregation technology aligns perfectly with our mission to simplify and enhance the DeFi experience,” said Paul Giles, CMO at ADEX. 

“We are committed to breaking down the barriers holding DeFi back, creating an exchange that will fundamentally change the way people trade and introduce new users to the world of decentralized finance.”

Joining the ZenX Labs incubation program

ADEX is also set to join Unizen’s ZenX Labs incubation program, a move that will offer ADEX a host of opportunities to collaborate and innovate within the decentralized space. 

The two companies are expected to work together on expanding their networks and increasing their offerings, aiming to raise adoption across the crypto space through collaboration.

The ZenX Labs incubation program provides companies with resources, mentorship, and exposure to the DeFi ecosystem, helping them grow and scale. 

By joining this program, ADEX seeks to leverage Unizen’s expertise and technology to enhance its platform and bring even more value to its users.

DeFi market outlook and growth potential

The decentralized finance sector has seen significant growth, though recent data from DeFiLlama indicates a slight dip in Total Value Locked (TVL) to under $90 billion. 

Despite this, analysts project the market will continue to grow by approximately 40% annually through 2027, driven by the demand for cross-chain solutions and the rise of decentralized exchange platforms.

ADEX’s partnership with Unizen positions it to tap into this growing market by offering advanced, cross-chain trading capabilities that cater to DeFi enthusiasts, active traders, and new investors looking to enter the decentralized space. 

With decentralized liquidity across all supported blockchains and access to over 20,000 assets, ADEX aims to become a key player in the DeFi ecosystem.

As decentralized finance continues to expand, the collaboration between ADEX and Unizen is expected to drive further innovation and accessibility, helping to break down technical barriers and foster growth in the space. 

With their combined technology and shared vision, both companies are poised to lead the charge in making DeFi more user-friendly and inclusive for a global audience.

The post ADEX partners with Unizen to launch cross-chain decentralized trading appeared first on Invezz

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