Audience
Crypto users seeking an on-chain trading protocol solution designed for the Ethereum ecosystem
About Gridex
Gridex is the first fully on-chain order book trading protocol for the Ethereum ecosystem. D5 is the first aggregator combining the power of Order Books and AMMs, providing a revolutionary on-chain trading experience. Gridex PoS is a cross-chain order book protocol and a layer 0 blockchain that supports all mainstream layer 1 blockchain and generalized layer 2s. At first, GDX will be an ERC-20 token on Ethereum. Then, once the Gridex PoS has officially launched, GDX will become the native token of the Gridex PoS. The Gridex protocol is a permissionless and non-custodial trading protocol consisting of a set of persistent, non-upgradable smart contracts on the Ethereum blockchain. Unlike the current mainstream decentralized exchanges based on the Automated Market Maker (AMM) model, Gridex is based on order books. With our novel Grid Maker Order Book (GMOB) model, we have significantly reduced the resource consumption of running an order book-based system.
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Gridex Verified User Reviews
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"The next real protocol solving Problem of DEX" Posted 2023-02-21
Pros: What Gridex is trying to solve is the pain of using DEX with high slippage and Gridex itself has the feature of GMOB which is Gridex Market Order Book. This protol is also running on etherum ecosystem which recently powers the technology of D5 exchange.
Cons: I have not much comments at the moment, because so far the technology behind has been helpful. Probably just the explanation on the why Phoenix as the symbol. No BSC connection.
Overall: Overall has been quite smooth and never face any major issue so far. Probably my only issue is that it cannot run on many chains yet at the moment, the website lacks some information in my opinion, hope that the team can provide more info.
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