The decentralized exchange (DEX) market started the week in positive territory. Its total trading volume increased by 75%, from $3.2 billion on Sunday, October 6 to $5.6 billion on Wednesday, October 8. DEX volume dominance remained steady at around 7%, with Uniswap V3 (Ethereum), Aerodrome SlipStream, and Raydium registering the highest trading activity.
The DEX token sector, currently valued at above $16 billion, didn’t lag behind, showing a nearly 80% growth in trading volume following the weekend. With gains exceeding 2% and 7% respectively, Aerodrome Finance (AERO) and THORChain (RUNE) were among the most trending tokens. The longtime leader among DEX coins, Uniswap, was also on the rise, surging from $6.8 to above $7.1.
$ZDEX Token Presale to Start in the Coming Days
In this favorable market climate, ZircuitDEX, a new decentralized exchange that leverages the power of an AI-based, EVM-compatible Zircuit L2 blockchain, is launching its $ZDEX token presale. Promising faster transactions, reduced fees, and enhanced security compared to typical DEXs, ZircuitDEX aims to completely overhaul the crypto swapping experience, and $ZDEX will be key to this transformation.
With a total supply capped at one billion tokens, $ZDEX serves as ZircuitDEX’s native cryptocurrency, unlocking exclusive incentives and governance rights within the platform. Token holders can vote on proposals regarding ZircuitDEX development and get extra rewards from high-frequency swapping and $ZDEX staking.
During the presale, 220,000,000 tokens, representing 22% of the $ZDEX supply, are available for purchase. The starting price is $0.0017 per token, which is nearly half of the anticipated listing price, offering early investors a first-mover advantage. The presale will take place in 13 stages and follow fair launch principles, meaning all investor categories participate under the same conditions.
Source: ZircuitDEX
Setting itself apart from competitors, ZircuitDEX delivers up to 500 times greater capital efficiency thanks to its concentrated liquidity, which minimizes slippage and allows liquidity providers (LPs) to achieve significant returns. Additionally, automated liquidity strategies enable on-chain auto-compounding and rebalancing for optimal returns, providing effortless asset management.
ZircuitDEX also features a meme coin launchpad, where users can launch, exchange, and invest in emerging meme token stars. Furthermore, the platform supports fungible LPs and DeFi integration, so that DeFi enthusiasts can use their LP positions flexibly as collateral, for staking, or for swapping.
As mentioned above, ZircuitDEX is built on the Zircuit L2 blockchain, an AI-powered, fully EVM-compatible ZK rollup that boasts unparalleled security without compromising transaction speed or interoperability. After closing its funding round led by Binance Labs, Mirana Ventures, and Amber Group, Zircuit launched its mainnet phase one in August 2024, based on its strong technical foundation and over $2.9 billion in staked assets.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
