A decentralized exchange says its unique dual mining mechanism delivers transaction fees that are “close to zero” — including for major cryptocurrencies such as Bitcoin. MDEX says a blend of liquidity mining and transaction mining results in a deeper liquidity pool and lower slippage, as well as a more user-friendly experience. Data from CoinMarketCap shows that transaction volumes across the blockchains it uses have surpassed big names such as PancakeSwap, Sushiswap and 1inch. MDEX has come a long way since the project launched on Jan. 6. Within a month, the project claims single-day transaction volumes exceeded $1 billion — a …

Despite Huobi Eco Chain attracting an impressive total value locked (TVL) since launching in December, just two DApps represent 86% of the blockchain’s TVL. According to crypto data aggregator, CryptoRank, approximately $1.98 billion or 73% of Heco's TVL is locked in the Mdex decentralized exchange. Mdex is Heco’s rival to PancakeSwap, an automated market maker offering yield farming incentives to users. In early April, Mdex also launched on BSC to gain access to a wider range of tokens not supported on Heco Chain. Yield aggregator Filda is the second-largest DApp on Heco, with Filda representing a TVL of almost $400 …