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  4. FTX to Launch ‘Scalable’ Decentralized Exchange in Weeks

FTX to Launch ‘Scalable’ Decentralized Exchange in Weeks

oliverchloe
2022-10-21 12:12:43

Established derivatives player FTX is building an alternative exchange for the growing decentralized finance (DeFi) space on top of highly-scalable chain Solana

Dubbed Serum, the initiative claims to offer a scalable and liquid decentralized exchange (DEX) for derivatives, solving some of the structural vulnerabilities and limitations in the existing DeFi space.
Solana is said to be able to process 50,000 transactions per second, compared to Ethereum, which can currently handle 15.

Post Reply  
AndreasMAntonopoulos
2022-10-21 12:13:28

In few years to come I see this exchange rivaring binance exchange, they have been in the positive news always, hopefully they don't get hack so as not to tarnish their reputation