I am planning to create a decentralized exchange and looking for suitable software. What platforms are currently considered the best? I need high security, transaction speed and the ability to integrate with various blockchains. Does anyone have experience working with such solutions?
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I am planning to create a decentralized exchange and looking for suitable software
I am planning to create a decentralized exchange and looking for suitable software
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Many thanks to the forum members for the advice to read the article on Merehead! It really helped me understand the development of decentralized exchanges, explaining key aspects, including security, liquidity and smart contracts. Now I have a clear understanding of how DEXs work, what technologies to use and what nuances to consider. Very valuable material!
One of the main problems with DEX is liquidity. Without enough orders, users will face high spreads and the inability to quickly exchange assets. To solve this problem, you can use automated market makers (AMMs), integrate with other DEXs https://merehead.com/blog/decentralized-exchange-software/ (via aggregator protocols, such as 1inch), or incentivize liquidity through reward programs. A good option is to create a liquidity pool and offer users token rewards for their contributions. This will help increase trading volume and attract more users to the platform.