This DeFi Coin Could Be The Next Ethereum? Onchain Growth Makes New Record

Discover how DTX is transforming DeFi by integrating traditional and decentralized trading, offering access to over 120,000 assets, and could be the next Ethereum.

The DeFi sector is undergoing fundamental changes that threaten to dethrone Ethereum’s position as the top smart contract provider. The advancement of blockchain technology enables brand-new projects like DTX Exchange (DTX) to compete against Ethereum’s dominance. DTX serves as a revolutionary new trading protocol that brings together DEX and CEX capabilities to provide users with improved management of both digital and traditional financial items.

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DTX Exchange has experienced rapid growth through its ICO, which succeeded in collecting $13 million and has registered more than 600,000 users already. The platform achieves its goal of linking DeFi and TradFi through its VulcanX Layer-1 blockchain so users can trade over 120,000 assets under one ecosystem. Investors speculate that DTX Exchange will become the next big breakout project.

DTX Exchange: A New Era of Hybrid Trading

DTX Exchange connects blockchain technology solutions with traditional finance features to offer global investors an integrated trading solution platform. Providing users access to Crypto, Stock, NFTs, ETFs, Forex, and Oil Derivatives, the platform integrates the best of centralized and decentralized finance.

The VulcanX blockchain serves as the DTX proprietary Layer-1 technology that stands as a major developmental breakthrough. The platform achieves quick transaction speeds and lowers payment costs.

Through its hybrid model design, DTX Exchange provides traders the opportunity to store assets non-custodially while accessing substantial centralized market liquidity. DTX Exchange has the potential to change the $10 billion global trading sector through its distinctive model which distinguishes it from Ethereum, Binance, and Solana.

Currently, DTX tokens are in presale, where they can be bought for a discounted price of $0.16 before they launch at $0.20. Analysts claim that DTX Exchange has immense potential and could rally 100x during the next cycle.

Ethereum Price Outlook: Can ETH Reach $5,000?

The market recognizes Ethereum (ETH) as the second-biggest crypto by market value due to its unyielding power and dominance in this field. Many users migrate to Solana and Avalanche because of high ETH network transaction costs and slow speeds which become severe during peak usage times. The shift towards Proof-of-Stake protocol on Ethereum together with Pectra feature updates tries to solve existing issues while newer platforms present superior performance and reduced costs.

However, the recent market downturn has not helped the Ethereum price to sustain momentum as ETH has faced significant volatility. After experiencing a significant correction during the past 2 weeks, the Ethereum price currently stands above the $2,600 resistance level.

The recent activity of ETH whales has indicated confidence, as they accrued over 146,540 tokens valued at $420.2M at the current Ethereum price. Additionally, ETH has boosted its efficiency by raising the gas limit to 36M. Coupled with B3’s announcement of the integration of ETH features, analysts do believe that the Ethereum price can reach the $5,000 mark during the next bull run. 

Conclusion

The next stages of ETH’s development see new DeFi projects enter the market including DTX Exchange which resolve the existing network constraints. DTX positions itself to become a leading force in the space through the combination of VulcanX Layer-1 blockchain with its hybrid trading structure and its flawless TradFi-Defi integration.

As the Ethereum price currently struggles, DTX tokens offer traders a ticket for exponential gains. Join one of the most anticipated presales of the year with the promo code STAGE8 for a 50% bonus on the platform!

Find out more information about DTX Exchange (DTX) by visiting the links below:

Buy Presale

Visit DTX Website

Join The DTX Community

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.