As many centralized exchanges experience embarrassing situations like shutdowns, outages, and increasing regulation troubles, the tide has already begun to turn in the cryptocurrency world as decentralized exchanges (DEXs) become more mainstream. At the lead of this new tide is Uniswap whose trading volume has been continually increasing over the past few months and has now become the largest pool of cryptocurrency funds among its peers.
Now, EZDex’s platform token EZX has launched on Uniswap and with the influence of Uniswap will become a huge draw for value investors all over the DeFi world. For Uniswap V3, the biggest upgrades were improving the efficiency of transactions and lowering transaction slippage. At the same time, Uniswap also greatly increased the strictness of its review process for letting tokens list on their platform. Uniswap’s listing of EZX on their platform thus demonstrates EZDex’s solid standing in the DeFi community as well as Uniswap officials’ high hopes for the success and development of EZDex.
Within 24 hours of EZDex launching on Uniswap, the trading volume for EZX reached $720,000 USD which shows its great popularity throughout the world.
Not only that, Trust Wallet has also recently announced support for EZX. EZX holders can now manage and store their EZX using Trust Wallet. Trust Wallet is an open-source mobile wallet app that integrates security and anonymity. It’s also the fastest wallet on Ethereum and supports ERC 20, ERC 223 and ERC 721 tokens. It can currently store more than 20,000 different ERC 20 tokens
Now, not only imToken but also Trust Wallet and other wallets all support the storage and management of the EZDex platform token, EZX. At the same time, the EZDex official team will continue to maintain close contact with various wallet officials so that more wallets can support EZX in the future.
EZDex’s ecology is also expanding rapidly as the number of EZX holders and transactions have officially broken through the 5,000 and 10,000 barriers respectively. At the same time, EZDex has also garnered a high degree of attention and interaction on social media. As of July 25, EZDex had reached 12,944 followers on Twitter, 9,085 members on Discord, 16,597 members on Telegram，and 1,350 members on YouTube.
The EZDex team will continually improve and innovate, deploying more decentralized derivatives and investment vehicles in a wider range of areas in the future. Through the openness, security, and transparency of the blockchain, EZDex will be able to provide high-quality services to more people, making EZX into the next star DeFi product, and gradually expanding the global market. EZDex will continue to bring many pleasant surprises to its users as we all look forward to more innovative DeFi applications and thereby promote the prosperity and development of the entire DeFi ecosystem.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.