Decentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum
Arbitrum-based decentralized trading platform (DEX) Vela Exchange’s DXP utility token has mounted a powerful rally as the project prepares to release its much-anticipated beta version next week. Vela Exchange was originally known as Dexpools on Ethereum before moving development to Arbitrum, an Ethereum layer 2 blockchain. The platform allows for spot and perpetual futures trading, as well as peer-to-peer over-the-counter (OTC) trading where traders can avoid slippage and frontrunning. The platform’s beta version opens for registered testers with early access on Jan. 31, and will be available for the broader public starting Feb. 7, according to the project’s website.
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