ZKEX.com, the industry’s first multi-chain Super DEX, has recently announced the completion of a $2.5 million funding round with investors such as Fenbushi Capital, KXVC, and RockTree Capital. This funding will support the platform’s goal of launching a fiat on-ramp service, mobile app, and Telegram bot in the near future. Unlike traditional centralized exchanges (CEXs), ZKEX.com allows users to trade native assets on any blockchain directly from their self-custodial wallets, eliminating the need to transfer custody to the exchange.
The protocol is the first decentralized exchange (DEX) to address liquidity fragmentation across different blockchains using zero-knowledge technology to create a secure trading layer. The funding round saw participation from various notable investors, including NGC Ventures, Crypto.com Capital, Moonhill Capital, and more. With the rise of decentralized crypto exchanges, ZKEX.com aims to simplify multi-chain trading while maintaining the principles of self-custody and decentralization.
Security is a top priority for ZKEX.com, given the numerous major hacks that have occurred in the blockchain industry in recent years. By allowing users to safely trade tokens on any connected chain using supported stablecoins without intermediaries, the platform aims to mitigate security risks associated with traditional exchanges. ZKEX.com operates on an aggregated Layer 3 (L3) built on zkLink, LayerZero, and Polyhedra, ensuring the security of deposits, withdrawals, and transactions with zero-knowledge proofs.
ZKEX.com offers users the ability to trade tokens and move assets across 10 different chains and rollups, including Ethereum, BNB Chain, Polygon, Avalanche, and more. All transactions on the platform are secured with zero-knowledge proofs to protect users’ funds. With settlement speeds of up to 1000 transactions per second, ZKEX.com aims to provide a fast and secure trading experience for users looking to engage in multi-chain trading activities.
As the Web3 industry’s first Super DEX, ZKEX.com aims to revolutionize the way users interact with decentralized exchanges by offering a secure and user-friendly platform for trading across multiple chains. With a focus on simplicity, speed, and cost-efficiency, the platform strives to provide a similar experience to a centralized exchange without compromising on the principles of self-custody and decentralization. Users can onboard from any network and start trading with native assets in under a minute, making it easy to navigate the world of multi-chain trading.
In conclusion, ZKEX.com’s latest funding round highlights the growing demand for decentralized crypto exchanges and the importance of innovation in the blockchain industry. With a focus on security, simplicity, and efficiency, ZKEX.com is poised to become a leading player in the multi-chain trading space, offering users a secure and seamless trading experience across various blockchains.
