KiloEX, a DEX platform that specializes in perpetual futures trading, today announced a strategic partnership with Arbitrum, a Layer-2 network designed to improve speed and decrease transaction costs for DApps (decentralized applications) running on the Ethereum blockchain. The collaboration enabled KiloEX to combine its perpetual DEX platform with Arbitrum’s L2 network, an integration that means that the Layer-2 technology provides KiloEX with more rapid processing executions and cost-effective transactions while ensuring a seamless and secure trading experience.
KiloEX is a DEX (decentralized exchange) platform that offers a wide range of perpetual futures trading services to investors, traders, and crypto users. KiloEX, which was initially built on the BNBChain and recently integrated on the Base blockchain and the Manta Network, provides users with diverse decentralized perpetual trading pairs with up to 100x leverage, allowing them to access fast trades, real-time market tracking, and an efficient trading experience.
KiloEX Now Supports Arbitrum Network: What This Means
Today’s partnership with Arbitrum is another significant milestone for KiloEX’s decentralized perpetual protocol. The integration means that KiloEX leverages Arbitrum’s Layer-2 scaling solution to process faster speed settlements and lower transaction costs on its DEX platform.
Arbitrum is a Layer-2 scaling solution that utilizes optimistic rollups to offer faster, cheaper, and more scalable transactions on the Ethereum blockchain. By building KiloEX on Arbitrum and using the scaling solution for order books, the perpetual decentralized exchange can now match orders within 10 and 30 milliseconds and process between 10,000 and 15,000 transactions per second. With the ability to process at this massive speed, KiloEX rivals some of the best leading centralized payment systems and overtake that of most DEXs, making it an attractive platform for traders seeking a rapid, safe, and effective way to participate in decentralized trading, including perpetual contract trading.
Also, by connecting its DEX on the L2 network, this integration allows KiloEX users to swap tokens and execute multi-chain transactions on Arbitrum directly on the Ethereum blockchain. This means that customer convenience is significantly enhanced on KiloEX, and the latest addition also improves offerings and liquidity as the perpetual DEX is now connected with leading DEXs on Arbitrum, including UniSwap, SushiSwap, Camelot DEX, GMX, Kyber Network, and many others.
Advancing More User-Friendly Experience For DeFi Customers
As part of its ongoing strategy to broaden adoption, the KiloEX DEX has been integrated on three major networks, including BNBChain, Base, and the Manta Network, allowing users to access various decentralized applications. This time, the perpetual DEX expanded its network on the Ethereum blockchain, but integrated Arbitrum’s Layer-2 scaling solution to provide its users with low transaction fees and instant transaction settlements on the Ether chain.
Despite Ethereum blockchain hosting huge decentralized applications, expensive gas fees and network congestion are known issues that affect the way users interact with DApps. The integration of Arbitrum’s scaling solution resolves these challenges, showcasing KiloEX’s commitment to advancing cross-chain trading experience for its users.
The integration means that KiloEX customers now have another convenient option to trade assets at more rapid speeds and at lower costs while accessing the best rates.
