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📅 July 3, 7:00 – July 9,
ArtexSwap explores new security architecture for DEX, leading innovation in exchanges.
ArtexSwap: Exploring a New Security Architecture for DEX
Since the birth of Ethereum, decentralized exchanges (DEX) have been the cornerstone of decentralized finance (DeFi). As platforms running on the blockchain, DEX allows users to trade directly without the need for third-party oversight, enabling more advanced financial products.
Mainstream Architecture of DEX
Currently, the DEXs in the Ethereum ecosystem are blooming in a variety of forms, mainly divided into two categories:
Order Book Based DEX The order book is essentially a matching algorithm that automatically searches for unmatched buy and sell orders and matches them. This model is suitable for scenarios that require efficient price matching and flexible trading strategies.
Automated Market Maker ( AMM ) AMM is a pricing and liquidity determination mechanism. Market makers provide two assets to the liquidity pool, and the product of the reserves in the pool remains constant. When users trade, they need to provide another asset to the pool to maintain balance.
The Value of DEX
According to the data, as of July 9, 2024, there are approximately 835 known DEXs, with a daily trading volume of $8.35 billion and a monthly visit count of 320 million. DEXs account for 16% of daily trading liquidity, a year-on-year increase of 315%, and trading volume has increased by 166% year-on-year, indicating a huge market demand for DEXs.
The advantages of DEX are:
Main Risks Faced by DEX
Despite the many advantages of DEX, it still faces some risks:
The DEX Implementation of ArtexSwap
ArtexSwap is similar to Uniswap, but its security is enhanced through Artela EVM++. Its main features include:
The Security Mechanism of ArtexSwap
ArtexSwap enhances security mainly in three aspects:
Blacklist mechanism By marking dangerous accounts, addresses, and contracts, conduct a pre-check before transactions to prevent blacklisted accounts from operating.
Anti-Rug Mechanism Monitor changes in token supply and prevent related transactions when anomalies are detected. At the same time, obtain information on malicious contracts through off-chain messages for detection.
Slippage Mechanism Combine liquidity monitoring with external oracle data to use AI to predict high slippage risks and prevent trade execution when exceeding thresholds.
Summary
Although it is still uncertain whether the DEX model can support long-term growth, it will remain an important infrastructure in the cryptocurrency ecosystem. For DEXs, security is everything. In the current hot DEX market, security remains the most critical demand and deserves ongoing attention.