DeFi Perpetual Futures Steps into ACDX
A simple explanation of why we are listing DeFi perpetual futures in the coming weeks, and a warm welcome to Polkadot
As we all know, 2020 is a blossoming year for DeFi. Numbers do not lie. According to Defipulse, total value locked in DeFi has grown from $600 million in December 2019 to nearly $15 billion in December 2020. To reaffirm our commitment to the expanding DeFi economy, we are thrilled to announce the listing of DeFi perpetual futures in the coming weeks with our first newcomer today being Polkadot.
Welcome Polkadot
Polkadot (DOT) is a blockchain protocol designed to support multiple chains within a single network. It attempts to overcome an issue in the current blockchain landscape — hundreds of blockchains exist in isolation and have little ability to communicate. The trading of DOT token started in August 2020 and since then it has been listed on over 40 exchanges. ACDX is proud to introduce our community with such a high-quality innovative DeFi project.
Why We List DeFi Perpetual Futures
ACDX has been keenly observing the DeFi market dynamics. We are aware that more and more decentralized applications are being adopted in the real world, encouraging DeFi tokens to outperform other altcoins with much more longevity in the market. Given the undeniable growth in DeFi as an asset class, we decided to respond to this trend and support DeFi perpetual futures.
What’s more, ACDX believes that the DeFi trend will continue to flourish in 2021 as Ethereum 2.0 goes live. Till now, the majority of DeFi platforms have been developed on Ethereum. As Ethereum 2.0 is faster, more scalable and energy efficient than Ethereum 1.0, we predict that more DeFi players will step in from platforms to individuals. Since ACDX always strives to keep up with the crypto community, we are determined to answer to that need and support DeFi perpetual futures.
Closing thoughts
Through the introduction of decentralized protocols, we hope to deliver our vision to bridge the gap between DeFi and CeFi. In the future, we yearn to become a one-stop shop in derivatives trading and provide the most interesting trading options you can’t find anywhere else. And it all starts with Polkadot today!
Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
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