Main Service
DEX which supports Orderbook Style Trading
On-Chain Order Book-Based DEX
CROSSx DEX is an order book-based decentralized exchange (DEX) that processes user interactions directly through on-chain smart contracts. By eliminating intermediaries, it offers a more transparent and efficient trading environment, aiming to innovate the DeFi ecosystem and establish a stable order book-based model.
CROSSx leverages distributed ledger technology and smart contracts to build its order book and matching engine, addressing two key limitations of the current DeFi landscape.
Key Goals of CROSSx DEX
Acting as a Multichain Hub
Despite the activation of various blockchain networks, seamless interoperability of assets and services remains limited. Currently, most asset transfers across CROSS Chains are still conducted via centralized exchanges.
CROSSx DEX connects various networks through a unified interface, allowing users to interact directly on-chain without relying on centralized intermediaries.
AMM vs Order Book-Based DEX Comparison
| Category | AMM-Based DEX | Order Book-Based DEX (CROSSx) |
|---|---|---|
| Price Mechanism | ❌ Automatically calculated via formula | ✅ Users set prices directly in orders |
| Liquidity Provision | ❌ Provided via liquidity pools | ✅ Orders specify price and amount |
| Slippage | ❌ High when liquidity is low | ✅ Minimized by allowing price control |
| Asset Risk | ❌ Impermanent loss possible | ✅ Assets remain fixed until matched |
| Front-Running Risk | ❌ Relatively high | ✅ Relatively low |
| Order Strategies | ❌ Basic swaps only | ✅ Supports limit, conditional, advanced orders |
| Execution Method | ❌ Immediate auto-swap | ✅ Executed only when conditions are met |
| Transparency | ❌ Only final result visible | ✅ Orders and executions are on-chain |
| User Interface | ❌ Simple swap-focused UI | ✅ Offers various interaction options |
CROSSx App Policy
- The CROSSx app does not include in-app purchases and does not generate revenue.
- CROSSx is a blockchain wallet app that helps users safely store and view their digital assets directly.
- It does not execute or encourage on-chain functions directly; all external interactions are performed voluntarily by the user through a separate signature process.
- All actions are carried out only after the user approves a signing request via their wallet, and the app does not manage or control the user's assets in any way.
- CROSSx is built around a user-first, non-custodial structure, and is fully independent from any in-app payments or asset sales.
Updated about 1 month ago