AB Kuai Dong
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The sixth phase of Binance Wallet IDO is here, and it seems that the frequency of new products is gradually accelerating. Currently, 60% of the projects have been launched on the Binance main site after the IDO.
Yesterday's Hype incident proved that this wave of on-chain derivatives is hot, so KiloEx officially announced the wallet IDO the next day.
It seems that this operation reminds people of the acquisition and support of JEX 6 years ago, and then BN entered the derivatives market.
In short, KiloEx is a derivatives DEX founded by several early members of a large firm. The goal is to create an on-chain version of Binance Contract. It won the championship in the incubation competition organized by Binance Labs.
Compared to Hype, which built its own chain, KiloEx directly supports mainstream multi-chains, such as BNB, opBNB, Base, etc. Therefore, KiloEx is currently the DEX with the largest transaction volume on the opBNB chain, with a daily scale of about 80 million US dollars, and its TVL accounts for 70% of opBNB.
In terms of operation, this DEX is also relatively aggressive, with 1,700 rebate nodes, and through smart contracts, it distributes the rebate rewards of transactions, and rolls this set of incentives onto the chain.
Fortunately, KiloEx's primary financing valuation is not high, and there is no initial market value pressure like other IDO projects. Looking forward to the subsequent secondary market performance.
Yesterday's Hype incident proved that this wave of on-chain derivatives is hot, so KiloEx officially announced the wallet IDO the next day.
It seems that this operation reminds people of the acquisition and support of JEX 6 years ago, and then BN entered the derivatives market.
In short, KiloEx is a derivatives DEX founded by several early members of a large firm. The goal is to create an on-chain version of Binance Contract. It won the championship in the incubation competition organized by Binance Labs.
Compared to Hype, which built its own chain, KiloEx directly supports mainstream multi-chains, such as BNB, opBNB, Base, etc. Therefore, KiloEx is currently the DEX with the largest transaction volume on the opBNB chain, with a daily scale of about 80 million US dollars, and its TVL accounts for 70% of opBNB.
In terms of operation, this DEX is also relatively aggressive, with 1,700 rebate nodes, and through smart contracts, it distributes the rebate rewards of transactions, and rolls this set of incentives onto the chain.
Fortunately, KiloEx's primary financing valuation is not high, and there is no initial market value pressure like other IDO projects. Looking forward to the subsequent secondary market performance.
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