On July 19, 2024, ZKEX.com announced the successful completion of a $2.5 million seed funding round, marking a significant milestone in the development of its innovative decentralised exchange (DEX) known as the ‘Super DEX.’
The funding round attracted prominent investors such as Fenbushi Capital, KXVC, RockTree Capital, and several other notable venture firms.
This capital infusion will drive ZKEX.com's roadmap, including the introduction of a fiat on-ramp service, a mobile application, and a Telegram bot in the forthcoming quarter.
ZKEX.com distinguishes itself as the first multi-chain Super DEX by integrating zero-knowledge technology to address liquidity fragmentation across various blockchains.
Unlike traditional centralised exchanges (CEXs), ZKEX.com allows users to trade directly from their self-custodial wallets without relinquishing token control.
The platform supports a range of functionalities akin to those of a CEX, including multi-chain conversion, spot trading, derivatives, and cross-chain bridging.
The exchange operates on an aggregated Layer 3 (L3) infrastructure built on zkLink (CRYPTO:ZKL), LayerZero (CRYPTO:ZRO), and Polyhedra Network (CRYPTO:ZKJ), ensuring secure and efficient transactions with zero-knowledge proofs and settlement speeds reaching up to 1000 transactions per second.
This approach aims to mitigate security risks prevalent in the industry, as evidenced by over 150 major hacks involving cross-chain bridges and exchanges in the past two years.
ZKEX.com’s initiative reflects the broader growth in decentralised exchanges, which have seen trading volumes soar from $100 billion to over $250 billion in the past year.
The project promises a seamless trading experience by allowing users to quickly onboard from any network, trade native assets, and manage positions with ease, all while adhering to the principles of decentralisation and self-custody.