The Tron network has officially launched its decentralized exchange dubbed TRXMarket. The exchange will feature three TRX20 coins.
The long-awaited DEX
Since the industry can’t remain tone deaf regarding the centralized exchanges, decentralized exchanges have recently become a thing in the crypto space. They actually cut out the middlemen while offering a higher level of security.
Together with Binance, Tron is also joining the decentralized party with its decentralized exchange going live at 04:00 (UTC) on Dec 12. It is considered to be the first decentralized exchange based on Tron. Initially, there will be three trading pairs: BET/TRX, FUN/TRX, and GOC/TRX, but new additions may come soon. These are all low-market cap coins with FunFair (FUN) being the biggest cryptocurrency by market capitalization (about $21.2 mln).
Defying the bears
During the current bear market, Tron remains one of the few altcoins that stand out. On December 5, it made headlines after cracking CoinMarketCap’s top 10, overtaking Cardano (ADA). Earlier, TRX also trumped Monero, the most well-known privacy coin, taking 11th place.
At the time of writing this article, Tron’s total market cap is sitting at $892 bln. The coin has witnessed a 2.31 percent spike over the last 24 hours.