A Bitcoin (BTC)-based decentralized alternate platform (DEX) is skyrocketing regardless of turbulence inside the crypto markets.
New knowledge reveals that AlexGo (ALEX), a decentralized buying and selling platform for BRC-20 tokens that’s set to launch subsequent week, surged from its seven-day low of $0.0595 on Might sixth to a brand new all-time excessive of $0.154 simply six days later, a 158% enhance.
The 287th-ranked crypto asset by quantity has since retraced and is buying and selling for $0.146 at time of writing.
AlexGo, which made its market debut final September, lately reached out to different crypto belongings constructed on the crypto king to fill out a token itemizing type so they could be a a part of the crypto alternate.
In response to the DEX’s official Twitter web page, token buying and selling is slated to roll out someday subsequent week, although no particular date was given.
Moreover, AlexGo lately announced the launch of ALEXBridge, which connects the DEX to the Binance Sensible Chain, the blockchain of the world’s largest centralized crypto alternate platform by quantity.
In response to Chiente Hsu, co-founder of AlexGo, the undertaking would be the first-ever decentralized alternate platform for Bitcoin-based digital belongings in the marketplace.
“Prepare for the world’s first and quickest DEX for BRC20!
Lightning-fast speeds, strong safety, and seamless integration with all Bitcoin layer-1 belongings.”
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