Is IDEX a decentralized exchange?

In October 2019, Decrypt reported that IDEX executed over 40% of all transactions on decentralized exchanges. That control soon slipped away. As of June 2022, IDEX has a total value locked (TVL) of $34 million. By comparison, Curve, the largest DEX, has a TVL of $7.89 billion. The IDEX token is used for staking, liquidity mining and governance.

What is an initial Dex offering (IDX)?

An initial dex offering (IDX) is an alternative to an initial coin offering (ICO). What Is an Initial Dex Offering? Initial dex offerings, or IDOs, are tokens that represent any type of asset hosted on a decentralized exchange (DEX) — an IDO is when a project launches a token through a decentralized liquidity exchange.

Why should you buy idxdex?

Why IDXDEX? Leading global cryptocurrency exchange IDXDEX announced the platform’s derivatives trading volume reached an all-time high of $8.69 billion as of Feb. 28, 2023 — more than 300% compared to the previous year. IDXDEX is also ranked fifth globally in terms of its trading volume, according to CoinMarketCap.