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Buy Polkadex with Coinbase Wallet

Polkadex can be traded using Coinbase Wallet, your key to the world of crypto.

About Polkadex

Polkadex is a decentralized peer-to-peer (P2P) cryptocurrency exchange for the DeFi ecosystem. The DEX was created on Substrate and is based on an order book (list of trade orders). Substrate refers to a blockchain technology, particularly, a framework for creating customized blockchains. Thus, the Polkadex orderbook is a hybrid crypto-exchange supported by Web3 (internet version). The entire trading platform operates on the Substrate framework and combines the Automated Market Maker (AMM) model common in several DEXs, with an orderbook model utilized by centralized exchanges. Automated market makers (AMM) are part of decentralized exchanges introduced for removing any intermediaries while trading cryptocurrencies.

The mission of Polkadex is to merge the characteristics of cryptocurrency exchanges and user experience with the benefits of decentralized safety and security. Polkadex was created for attaining this mission with innovative ideas focusing on key areas such as liquidity, custody of assets, the execution speed of trades, and customer areas.

Further, Polkadex aims towards developing a decentralized network utilizing the Substrate framework, focusing on resolving the interface issue by introducing a centralized trading experience. The Substrate framework supports the development of composable, interoperable, and application-specific blockchains without any complexities related to block consensus (transaction verification) and production.

Moreover, to resolve the issue of low liquidity, Polkadex links AMMs to the trading engine directly. The auto market makers operate as on-chain market-making bots. Bots are implemented by traders to facilitate trade automatically in the cryptocurrency markets. If any trade is unable to match against the Polkadex orderbook, the engine instructs on-chain trading bots to try matching the order. The trades are executed successfully only when on-chain bots provide a better price.

Polkadex was launched on September 29, 2021 by a team of many developers and the CEO of Polkadex, Gautham J. The team started migrating the PDEX tokens based on ERC-20 from Ethereum to Polkadex soon after its launch.

Market

Brazil Market Stats

Market cap

R$26.3M

Volume (24h)

R$889,024.79

Circulating supply

8.4M PDEX

All time high

R$1,180.20

Price change (1h)

-0.13%

Price change (24h)

-5.95%

Price change (7d)

-10.53%

Brazil News about Polkadex

Bitcoin Magazine • Apr 29, 24

MicroStrategy Bought 122 Bitcoin In April, Now Holds 214,400 BTC

MicroStrategy now holds 214,400 bitcoins at an average purchase price of $35,180 per BTC.

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DL News • Apr 29, 24

These four experts say they’re bullish amid Bitcoin ETF inflow lull: Finance giants ‘slowly wading in’

Bitcoin ETFs have suffered net outflows for the third week in a row, but investors have no reason to worry, ETF experts say.

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CoinDesk • Apr 29, 24

Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bond

NEW YORK — Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges tied to creating and marketing the privacy-focused bitcoin wallet application and mixing service in a Manhattan courtroom on Monday.

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DL News • Apr 29, 24

Scroll slashes fees by 75%, but will that be enough to draw new users?

Scroll enabled blobs, reducing fees to $0.15, and saw deposits hit new highs on the back of its recent point programme.

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BeInCrypto • Apr 29, 24

Friend.tech V2 and Crypto Airdrop Set to Launch This Thursday

Set for launch this Thursday, Friend.tech's V2 introduces innovative features aimed at revitalizing user engagement and financial interaction on the decentralized social platform.The post Friend.tech V2 and Crypto Airdrop Set to Launch This Thursday appeared first on BeInCrypto.

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CoinDesk • Apr 29, 24

Press Briefing With ChinaAMC Executive Ahead of Tuesday Launch of Hong Kong Spot Bitcoin and Ether ETFs

Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC.

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Polkadex is on the decline this week.

The price of Polkadex has decreased by 0.13% in the last hour and decreased by 5.95% in the past 24 hours. Polkadex’s price has also fallen by 10.53% in the past week. The current price is R$3.15 per PDEX with a 24-hour trading volume of R$889.02K. Currently, Polkadex is valued at 99.73% below its all time high of R$1,180.20. This all-time high was the highest price paid for Polkadex since its launch.

The current circulating supply of Polkadex is 8,360,000 PDEX which means that Polkadex has as total market cap of 8,360,000.

FAQ

What is the current price of Polkadex?

We update our Polkadex to BRL currency in real-time. Get the live price of Polkadex on Coinbase.

What is the market cap of Polkadex?

The current market cap of Polkadex is R$26.29M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Polkadex?

The all-time high of Polkadex is R$1,180.20. This all-time high is highest price paid for Polkadex since it was launched.

What is the 24 hour trading volume of Polkadex?

Over the last 24 hours, the trading volume of Polkadex is R$889.02K.

What other assets are similar to Polkadex?

Assets that have a similar market cap to Polkadex include SquidGrow, Shina Inu, Mozaic, and many others. To see a full list, see our comparable market cap assets.

How many Polkadex are there?

The current circulating supply of Polkadex is 8.4 million.

Can I buy Polkadex on Coinbase?

Yes, Polkadex is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Polkadex guide.

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