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Beyond DEX: The Future of Crypto Trading on Solana Is Called Secretum

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Crypto asset trading has continued to skyrocket in 2021, hitting new and unprecedented records:

  • Volumes reached $3.8 trillion in April 2021 when bitcoin hit its all-time high.
  • Between August 2020 to 2021, the traded value on large decentralized exchanges (DEXs), like Curve, Uniswap, and PancakeSwap grew by about 550%
  • Major centralized exchange (CEX) Binance’s spot cryptocurrency trading volumes totaled $789 billion in September, versus $454 billion (€390.7 billion) in July, while derivatives volumes jumped almost 25% to $1.7 trillion.

DEXs have been gradually grabbing market share  from CEXs:

One of the major drivers of this trend is the perceived superiority of DEX on many fronts:

  • DEXs replace a centralized authority with automated protocols that enable trading and direct swapping of tokens, while CEX users give up control of their assets to the exchange’s servers.
  • DEXs provide the user full control of their assets, eliminating jurisdictional constraints, and negating the need for KYC procedures.
  • DEXs generally have lower trading fees compared to CEXs.

Despite their ongoing success, DEXs are still affected by a series of significant challenges.

Moreover, DEXs have been the subject of a growing number of cyber thefts and hacks:

  • In March 2021, the DODO DEX experienced a smart contract hack, with the attackers stealing approximately $3.8 million in cryptocurrency.
  • In August 2021, hackers stole more than $600 million of digital tokens from the Poly Network DEX.
  • Half of all crypto hacks in 2020 originated from DeFi protocols and DEXs.

DEXs have not been able to solve the many security challenges of CEXs. As the crypto trading sector continues to expand, there is a strong market demand for a definitive trading solution – one with all the advantages of DEXs, without its weaknesses. This solution is about to come to market, and its name is Secretum.

Secretum: Crypto Trading, Reinvented.

Secretum is the world’s first and only fully decentralized, encrypted, and secure trading DApp built on the Solana Blockchain. The major innovation of Secretum is enabling the trading of all crypto assets (fungible and NFTs) directly between users, via a hybrid messaging + trading function. The defining features of Secretum are a game-changer for crypto trading.

  • A secure and anonymous sign-up process, which only needs the user’s crypto wallet address – no emails, names, or other personal data.
  • An easy, intuitive, and purely P2P trading interface to send and receive cryptocurrencies and NFTs.
  • A unique search function to locate the owners of specific NFT assets, enabling two parties to connect to each other solely via wallet address and trading.

Secretum’s advantages over DEXs are significant:

  • No risks of sensitive data leaks and full protection of the identity of crypto-asset owners. All data is stored on the independent and verified nodes in the Secretum network, with no central point of failure.
  • Record low fees and almost instant trades, thanks to Solana’s capability of 50,000 transactions per second and an average cost per transaction of only $0.00025. This compares favorably to the 1% to 0.3% + gas fees usually charged by DEXs.
  • Traders are able to contact each other directly and find hidden liquidity in crypto markets – improving execution times and prices.

1639044912 548 Beyond DEX The Future of Crypto Trading on Solana Is

Secretum is ready to unleash its platform at a time where major DEXs are reaching valuations well into the billions of dollars:

As crypto trading continues to grow, hacking attacks and cyber theft will become an even larger threat in terms of frequency and size. Investors will therefore highly value a superior trading and private messaging platform with unrivaled security features. By leveraging the power of the Solana Blockchain to offer unique benefits to crypto traders, Secretum is positioning itself to be that platform. Secretum litepaper.

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ETH has Shot up 1777%, Clocking $4.34B From Q4 2020 to Q4 2021

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Ethereum Killers Have Helped the Ecosystem Prosper! Find out how!
  • Bankless puts out a report on ETH surges from Q4 2020 to Q4 2021.
  • ETH has shot up 1777% from Q4 2020 to Q4 2021.
  • DeFi has exploded to about 770% up from Q4 2020 to Q4 2021.

The second largest crypto in the world, in terms of market cap, the Ethereum (ETH) is obviously one of the most anticipated. Indeed it has come up a long way still maintaining its supremacy over the altcoin industry. In spite of this, one of the most profuse online crypto analysis platforms and investment advisory, the Bankless posts a tweet, regarding it’s report on ETH. 

Upon the tweet Bankless terms, that as protocols unusually don’t put up their yearly statistics, they have completely published the report on ETH from Q4 2020 to Q4 2021. 

ETH Surge Between Q4 2020 to Q4 2021

Though be something of the past, the past records are obviously vital in the crypto industry, solely on the basis of market analysis. According to the Ethereum report by Bankless, a complete project like Ethereum has surpassed effortlessly in almost all it’s attributes together for the year 2021.

Regardless, it was in the Q4 of 2021 that ETH even hit it’s still current ATH of $4,860. In addition, on comparing the Q4 of 2020 with Q4 of 2021, ETH has massively exploded in all terms. Also, the complete revenue shot up from $231.4 million to a whopping $4.34 billion for the overall ETH platform. This accounts to a massive surge of 1,777% rise in it’s revenue on comparing Q4 of 2020 to Q4 of 2021. One of the major reasons for this surge on ETH also accounts to the platform’s increase in active users during Q4 of 2021. The active users rose upto 34% on Q4 of 2021 alone. 

DeFi’s Boost for ETH

Apart from the other attributes based upon the ETH blockchain, the Decentralized Finance (DeFi) obviously plays a major role for ETH such surges in between the period of Q4 of 2020 to Q4 of 2021. 

Similarly, taking into account the DeFi surges between Q4 of 2020 to Q4 of 2021, the sector has witnessed a striking surge of overall about 770%. In addition, the overall Total Value Locked (TVL) has surged up from $17.73 billion to $154.2 billion astonishingly. Amongst this, the Curve plays the major role as it alone holds about $20 billion TVL.  

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Justin Sun Embraces His New Role as Grenada’s Brand Ambassador to WTO

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Tron Founder Justin Sun Appointed as Grenada's WTO Ambassador