As an established decentralized exchange that has been around since 2019
This one has a market cap of less than 20 million dollars with a total market value of $IDEX , its trend is similar to that of DEX platform tokens.
Having dropped from its peak, it is now worth only a fraction, worse off than most altcoins.
Its mixed order book + AMM model does have some merit, allowing for limit orders and benefiting from AMM liquidity, theoretically it should be quite effective.
However, reality is harsh; at this price, it can't even maintain its ICO price, clearly being outperformed by later entrants like Uniswap.
Although the white paper outlined a vision for multi-chain deployment, looking at this trading volume and market cap, the team probably is losing patience as well. This kind of outdated DEX project would be hard to revive unless there is a sudden uprising in the exchange sector.
That said, if one day it suddenly announces being acquired by a major exchange, it might just stage a comeback, after all, the technical foundation is still there.
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