APX Finance: Multichain Decentralized Perpetuals
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Decentralized crypto derivatives exchanges have witnessed strong growth, both in terms of user activity and volume, during 2024. This can primarily be attributed to the improvement in speed and ease of use of decentralized exchanges (DEXs) as blockchain scaling technology advances.
During the previous two bull markets in 2017 and 2021, derivatives trading was largely possible only on centralized exchanges, due to better execution speed, user experience and liquidity. However, a new generation of DEXs is changing that dynamic.
Key Takeaways:
APX Finance offers advanced on-chain trading, high leverage and an easy-to-use interface.
It provides a permissionless DEX engine that can be used by third parties to create their own derivatives exchange.
The APX token is used for staking and governance through the APX DAO.