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Kadena Looks to Capture DeFi Energy With New Decentralized Exchange


Hybrid blockchain platform Kadena plans to launch a brand new multi-chain decentralized alternate (DEX) in hopes of wooing enterprise from congestion-plagued Ethereum-based rivals.

Referred to as Kadenaswap, the brand new DEX, unveiled Tuesday and set to debut late this 12 months, will try to skirt Ethereum’s surging gasoline charges and perennial community congestion (triggered partly by the explosive success of Uniswap) by offering decentralized finance (DeFi) merchants with another platform that Kadena President Stuart Popejoy claims can deal with excessive volumes.

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