Speaking of the BSC integration, CTO Sky declares that, “This is a great opportunity to test the effectiveness of our products and operations,”Īs the only mainstream DEX on the market that implements dual mining - combining liquidity and transaction mining - MDEX has managed to cause an explosion in its platform trading volumes. Entering the BSC ecosystem is an opportunity to increase both TVL and trading volumes. BSC currently supports more than 100 currencies across the chain with a total market value of more than USD 84 billion. Having hit the Heco ceiling, for MDEX, the BSC integration is undoubtedly a move to cover new fertile ground. Being one of the few projects on both BSC and Heco, MDEX is positioning itself in the current move to be a serious contender in the ecosystem.ĭubbed the “Heco golden shovel” in Chinese crypto circles, MDEX has dominated the Huobi Eco-chain, carrying about one-third of the TVL (Total Value Locked) of the asset locked-up value. This makes the current decision a well-calculated one.

MDEX Sets Eyes on Market Expansion with BSC It even soared to an all-time high of USD 43 on Feb 23. The Ethereum blockchain has been unable to live up to its name in this aspect, with current transaction fees above USD 20. One of the crucial attributes that make blockchain-based transactions unique is reduced costs. A recent report announced that Binance Smart Chain overtook Ethereum in daily transaction amount, courtesy of its low fees and fast transaction architecture. Indeed, the advantages associated with the BSC network make this move critical. These features make it efficient and very much optimized for running dApps, and transacting at lower fees. With dual chain architecture, both chains are complementary – Binance Smart Chain caters to decentralized applications (dApps) without congesting the original chain, which is optimized for ultra-fast trading. “Both are also supported by CeFi resources.”Īccording to Binance, the Binance Smart Chain was envisioned as something of an extension to Binance Chain. “Like Heco, BSC was developed to target the congestion and high fees on the Ethereum network,” states Sky. Users can now use the MDEX Bridge to realize cross-chain interoperability between Heco (Huobi Eco-Chain), and BSC.īSC and Heco Solve Issues of Congestion and High Fees on EthereumĪccording to MDEX CTO Sky, after Heco, BSC integration was always the plan. The BSC integration includes functionality in liquidity mining, single token staking, transaction mining and cross-chain asset services. Five seconds after integration, MDEX reports a TVL (Total Value Locked) of more than USD 0.5 billion. SINGAPORE, Ap(GLOBE NEWSWIRE) - In a bid to expand its ecosystem, leading decentralized exchange MDEX has integrated Binance Smart Chain (BSC), officially completing the deployment today April 8 at 8.30 PM (UTC + 8).

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