Vertex Protocol Unveils Vertex Edge, a Unified Liquidity and Order Book Solution for Smooth Cross-Chain Transactions

A decentralized exchange (DEX) operating on the Arbitrum platform — Vertex Protocol Vertex (VRTX) has officially announced its launch of the Vertex Edge, a product aimed at providing Synchronous Orderbook Liquidity. This launch aligns with the introduction of Vertex’s first cross-chain implementation, known as Blitz, built on the Ethereum L2 network Blast.

Initially introduced on the Arbitrum Mainnet back in April 2023, Vertex has made a name for itself as a prominent player in the trading space, particularly when looking at its average daily transaction metrics for both spot and perpetual trading. top 5 DEX Vertex Edge significantly revitalizes the Vertex sequencer—a high-performance matching engine that offers on-chain settlements—by consolidating and redistributing liquidity among all the EVM-compatible blockchains it supports.

By efficiently aligning incoming orders from one blockchain with the aggregated liquidity from all foundational layers connected to the Vertex sequencer, Edge allows for seamless transitions in on-chain settlements across multiple chains, all within a unified liquidity layer managed at the sequencer level. Arbitrum \"Vertex Edge streamlines liquidity across different blockchains while promoting capital efficiency, enhancing depth of liquidity, and offering unique functionalities like a consistent interest rate for USDC deposits across all Vertex Edge scenarios. As we advance into 2024, we’re eager to keep innovating and integrate more EVM-compatible chains beyond this initial rollout,\" remarked Alwin Peng, co-founder of Vertex.

Since its mainnet debut on Arbitrum, Vertex has achieved remarkable trading volumes, surpassing $50 billion within the first year. This momentum is further amplified with the launch of Blitz, Vertex’s high-performance DEX designed for both spot and perpetual trading.

The Blitz launch marks the inaugural application of Edge for unified cross-chain liquidity, enabling users of Blast to engage in spot and perpetual trading across more than 30 markets; enjoy 0 basis points (bps) for makers across all platforms, with takers facing just 2 bps; benefit from rapid order matching; and experience a shared liquidity pool across Arbitrum and Blast. Blast L2 network.

"The introduction of Blitz, Vertex's innovative cross-chain initiative, signifies a pivotal moment not only for the DEX landscape but for the wider cryptocurrency ecosystem. Blitz harnesses the full capabilities of Vertex’s advanced trading engine, paving the way for a multi-chain environment in which liquidity is no longer scattered across different platforms,\" stated Darius Tabai, Co-Founder of Vertex Protocol.

Stay informed about cryptocurrency distributions with our

Please keep in mind that the information provided here should not be interpreted as legal, tax, investment, financial or any other kind of advice. Always invest only what you can afford to lose, and consider seeking independent financial guidance if you’re uncertain. For more details, we recommend reviewing the documentation and support resources provided by the issuer or advertiser. MetaversePost strives for accuracy and impartiality in reporting, though market dynamics may alter without preceding notice. Airdrops Calendar .