Polkadex is a fully decentralized, peer-to-peer, order book-based, cross-chain cryptocurrency exchange built on the Substrate network. Substrate is a parachain of Polkadot (DOT) that offers crypto-to-crypto and crypto-to-fiat trades.
This article will take you through the Polkadex project to help you understand what it is and how it works. We shall also explore its native PDEX token, predict its price until 2030, and list exchanges where the token can be traded, before determining whether Polkadex is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is Polkadex?
Polkadex is a cross-chain, decentralized exchange (DEX) built on one of Polkadot’s parachains, Substrate. The decentralized finance (DeFi) protocol enables users to trade various cryptocurrencies on the Ethereum and Polkadot blockchains.
The order book-based crypto exchange aims to address the issues faced by DEXs by combining the speed and convenience of centralized exchanges with the security of their decentralized counterparts.
Polkadex uses an order book when conducting transactions, meaning users can see a list of buy and sell orders. It is a non-custodial, peer-to-peer exchange where users hold funds in their wallets and trade directly with each other.
How Does Polkadex Work?
Polkadex is a unique combination of a set of decentralized trading and liquidity tools. At the heart of the protocol is the Polkdadex Orderbook, which is a Layer-2 exchange built on the Polkadot network.
An order book is a list of buy and sell orders that are organized by price level to give users the best value on their trades. The Polkadex Orderbook maintains the convenience of CEXs, whilst being a bon-custodial exchange that allows users to hold onto their digital assets.
Then there is the Polkapool, which is a token swap platform and automated market maker (AMM) inspired by the Ethereum-based Uniswap V2. The platform eliminates the front-running of trades to offer fee-less token swaps. Front-running refers to the process where bigger traders cut the line to get ahead of smaller traders by choosing to pay higher gas fees.
Then there is the PolkaIDO, which is its Initial Dex Offering (IDO). This is where the project’s founders and teams can generate tokens and crowdfund them through the IDO process. IDO projects get access to liquidity through the Polkadex Orderbook and Polkapool. The launchpad mainly works with tokens deployed on Substrate, Polkadot, and Ethereum blockchains.
What is the Polkadex (PDEX) Token?
PDEX is the native utility and governance cryptocurrency of the Polkadex exchange. The Substrate-based token is used to pay transaction fees, avail discounts on trading fees, and participate in Polkadex IDOs.
PDEX holders are also given the right to vote on governance proposals that dictate the direction the project takes. Polkadex users can become the protocol’s validator and earn additional PDEX by staking their tokens and providing the DEX with liquidity.
Polkadex has a maximum supply of 20 million tokens, out of which, 8.36 million PDEX are currently in circulation. With a market capitalization of $4.605 million, PDEX attained a 24-hour trading volume of $522,391.
Polkadex (PDEX) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, PDEX is trading at $0.5516 – up 55.86% over the last 24 hours. Based on its current valuation, we have projected the minimum, average, and maximum prices at which PDEX could be changing hands between 2024 and 2030.
Please note that the numbers specified below are speculative and could change depending on the market conditions and price performance of Polkadex.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
| 2024 | $10.19 | $17.33 | $24.47 |
| 2025 | $18.76 | $29.77 | $40.78 |
| 2026 | $28.55 | $32.62 | $36.70 |
| 2027 | $13.05 | $19.57 | $26.10 |
| 2028 | $17.94 | $25.28 | $32.62 |
| 2029 | $30.99 | $52.20 | $73.40 |
| 2030 | $65.25 | $77.48 | $89.72 |
Where to Buy Polkadex (PDEX) Token?
PDEX can be purchased and traded on the following cryptocurrency exchanges:
Is Polkadex (PDEX) a Credible Cryptocurrency Investment?
Polkadex is a unique DeFi offering on Polkadot’s Substrate parachain that combines the speed and convenience of centralized exchanges with the security of decentralized exchanges.
The DEX is a hybrid of an order book exchange, AMM, and token launchpad where traders self-custody their assets. Polkadex allows users to trade tokens deployed on Substrate, Polkadot, and Ethereum networks.
Looking at its price performance, it is clear that Polkadex is on an upward growth trajectory. This also indicates the growing popularity of Polkadot and its parchains. All things considered, I would recommend Polkadex as a credible cryptocurrency investment.
As with every other cryptocurrency, PDEX is also prone to the extreme price dynamics of the crypto market. Therefore, you must thoroughly research the project and learn about its benefits and risks before making any investment decision.
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