Most of the tokens in the market are built on its own ecosystem with advanced features. Significantly, there are many exchange platforms in the industry which have its native token. Many leading exchange platforms like Binance, KuCoin, CoinBase, and so on have their own tokens to trade.
When tokens are built on their own ecosystem then the transaction speed and security will be enhanced. As a result, investors will thrive towards these coins to invest as additive-features in the network would grab their attention. Similarly, IDEX is also an exchange platform, where its own token IDEX has surged over 1234% within a week.
IDEX is a decentralized exchange (DEX) bringing the fastest and most secure DEX to a number of high-performance blockchains. IDEX can currently be found on Ethereum and the Binance Smart Chain. IDEX aims to balance the performance of centralised exchanges as it expands its platform to support hundreds of thousands of transactions per second.
Current Market Status
At the time of writing, the trading price of IDEX is $0.822 with a trading volume of $2,460,380,807 in the past 24-hours. According to Coinmarketcap, the price of IDEX has risen over 1234% in a week and 78.81% in the last 24 hours.
The chart depicts the bullish trend over the past week. Moreover, the price chart of IDEX shows that it has surged from $0.06 to $0.93 within 7 days. The current circulating supply of IDEX coins is 590,919,396. Besides, IDEX is available in top exchanges like Binance, BHEX, BKEX, Pioenix, and EXX.
IDEX Hybrid Liquidity
The IDEX Hybrid Liquidity (HL) is the first exchange to combine the best components of orderbooks and the best of AMM’s to create a trading experience in the next generation. The exchange is built with a unique design that provides a trading experience like no other exchange. The performance of the trading platform has pulled the attention from the users.
Considering the recent updates, the structure of IDEX HL has grabbed the users attention and this might be the reason for the IDEX price surge. However, the past week was the sweet spot for IDEX users. Moreover, users expect more highs in price value in the upcoming days.