A Bitcoin (BTC)-based decentralized exchange platform (DEX) is skyrocketing despite turbulence within the crypto markets.
New data shows that AlexGo (ALEX), a decentralized trading platform for BRC-20 tokens launching next week, has risen from its seven-day low of $0.0595 on May 6 to a new all-time high of $0.154 in just six months. days later an increase of 158%.
The 287th ranked crypto asset by volume has since recovered and is trading at $0.146 at the time of writing.
AlexGo, which made its market debut last September, recently reached out to other crypto assets built on the crypto king to fill out a token list form so they can be part of the crypto exchange.
According to DEX’s official Twitter page, token trading is planned to roll out sometime next week, though no specific date has been given.
Furthermore, AlexGo has recently announced the launch of ALEXBridge, which connects the DEX to the Binance Smart Chain, the blockchain of the world’s largest centralized crypto exchange platform by volume.
According to Chiente Hsu, co-founder of AlexGo, the project will first ever decentralized exchange platform for Bitcoin-based digital assets on the market.
“Get ready for the world’s first and fastest DEX for BRC20!
Lightning-fast speeds, robust security, and seamless integration with all Bitcoin layer-1 assets.”
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Image generated: Midway through the journey
