DEX Development on Metis Protocol
The blockchain industry is a continuously evolving space. The potential use cases and the ever-emerging new trends and technologies are the driving force behind the growth in this relatively young industry. More and more users across borders are getting involved in crypto as investors, builders or fellow metaverse citizens.
To facilitate this demand the industry needs more reliable & secure blockchains for a pleasant experience for blockchain enthusiasts and a transparent trading environment for the traders.
Not surprisingly, decentralized cryptocurrency exchanges are attracting much attention, with many founders looking to launch their own DEX.
What is Metis?
The Metis protocol is a Layer-2 scaling solution built on top of Ethereum that seeks to enable the Ethereum blockchain to handle large transaction volumes more securely, cheaply, and efficiently.
Metis is a decentralized protocol where users can launch their decentralized apps, businesses, and communities on the blockchain with ease and scalability.
Metis wishes to create an easy-to-use technical and organizational platform for general users, making blockchain accessible to the masses, and empowering both personal and professional lives through blockchain technology.
What is a Decentralised Exchange?
A decentralised exchange (DEX) is an independent financial service that facilitates direct peer-to-peer crypto transactions in a secure way and without the need for an intermediary.
Through decentralized exchanges (DEXs), users can trade digital assets with each other without the need for a central entity to hold their funds or deposit funds first. Users instead link their wallets to the exchange and verify their transactions by paying a fee, also known as a gas fee.
Planning to build a Decentralized Exchange on Metis?
At AuroBlocks, we are excited to provide various blockchain services to projects in need of assistance to launch and navigate their ways to success in the web3 ecosystem.