Let's talk about why you need a #DEX like @Polkadex ! In a CEX, you have a middleman, like a bank, that holds your funds and makes sure everything goes smoothly. Think of it like a fancy restaurant with a snooty maître d' who takes your coat and seats you at the best table.…

🌉 Also coming soon: a connection to Ethereum (the first of many L1s to come) via THEA, Polkadex's native interoperability layer & decentralized bridge (run by Polkadex validators). Who's excited for EVM wallet connections + trustless deposits & withdrawals of ERC-20 assets?

Did we mention the liquidity mining program coming in the new year? 👀 TLDR; We're working hard to give back control to traders and make Polkadex the best place to trade crypto. It's early days, but the road ahead looks promising. Join our journey! 💜 Polkadex, the CEXier DEX

Some other early stats we like: 👤 1,040 registered 'users' or wallets 🔄 2,306 deposit and withdrawal transactions to and from Orderbook 📊 2 pairs (DOT/USDT and PDEX/USDT) with $50k+ daily trading volume days ⛓ 733 XCM transfers to and from the Polkadex parachain

💹 While Polkadex Orderbook is still in beta, it has consistently handled $100k+ in daily trading volume across 5 spot markets in recent weeks! Currently at around $140k TVL, Orderbook's daily trading volume is a testament to the price-efficiency of order books vs that of AMMs.

Thanks to open XCM channels between the Polkadex parachain & other parachains like #AssetHub, @PhalaNetwork , @AstarNetwork & @InterlayHQ , Polkadex Orderbook is currently supporting the following trading pairs: ✨ ASTR/USDT 🟣 DOT/USDT 💹 PDEX/USDT 🪙 iBTC/USDT 💻 PHA/USDT

⛓ The Polkadex parachain connects Polkadex Orderbook to the Polkadot ecosystem and enables 'deposits' and 'withdrawals' via XCM. All this is possible thanks to Polkadot SDK.

So how does it work? 🏗 Thanks to Polkadex Orderbook's cutting edge architecture, all trades and balances are maintained by Polkadex validators, thereby inheriting the same level of security as the runtime (on-chain state).

Trading on Polkadex Orderbook means: 💹 Non-custodial limit and market orders ⚡️ Real-time trades 🤖 Trading bot integration via @_hummingbot 0️⃣ 0 gas fees 0️⃣ 0 trading fees during beta 0️⃣ No placement or cancellation fees

Polkadex Orderbook is built to eliminate these trade-offs, combining the best of CEXs & DEXs while tackling the issues of both. It brings together the speed, functionality, interoperability, and UI of a CEX with the security, sovereignty, and self-custody pioneered by DEXs.

Until now, the decision between CEXs and DEXs has been one of trade-offs: non-custodial vs custodial limit orders & advanced functionality vs price slippage speed vs congestion affordability vs high fees privacy vs exposure multi-chain vs low interoperability