NEWSROOM

Singapore, 9 January 2023 - Today marks a significant step in the world of decentralised finance with the announcement that SpereX, a decentralised cryptocurrency exchange (DEX), will be the first DEX to operate on Blast. Led by Kaiman Hu, former CBO of BitMart, SphereX emerges as the pioneering decentralised exchange to be launched on Blast, aiming to provide users with a safer, more efficient, and transparent platform for trading digital assets.

With a commitment to reshape the decentralised financial landscape, SphereX brings a unique approach to crypto trading by combining the latest technology with user-friendly design. SphereX integrates off-chain matching for fast transaction execution, on-chain consensus for maximum security, and cross-margin trading for capital efficiency. SphereX leverages Blast’s robust infrastructure and commitment to fostering innovation in the decentralised ecosystem by launching on Blast.

Key Features of SphereX:

• High Performance and Scalability: SphereX positions itself as a significant leap in DEX technology by promoting a developer-friendly ecosystem with comprehensive API and SDK support. This move sets new standards in decentralised trading platforms.
• Advanced Security: Built on Last, SphereX incorporates state-of-the-art security protocols to enhance the safety of users’ assets and data. It sets a new standard for trust in decentralised exchanges by prioritising the security of assets and information.
• User-Friendly Interface: SphereX is designed with simplicity and user experience in mind, providing an intuitive interface that caters to both experienced traders and newcomers to the crypto space.
• Freedom and Community Governance: SphereX will encourage a vibrant trading community through social trading, voting for listings, and utilising TraderDAO for management and collective decision-making, fostering a sense of freedom and community governance.

SphereX Kaimin Hu expressed, “We are thrilled to announce the launch of the SPhereX platform on Blast. Our team has developed a platform that combines top-notch security, simplicity, and innovation. By choosing Blast, we believe SphereX will play a significant role in shaping the future of decentralised finance through its unique autonomy and community management.”

Blast CEO Pacman added, “SphereX has moved rapidly to place their exchanges on Blast. I am excited to see the innovations they will bring to the Blast Ecosystem.”

While SphereX sets a new standard for decentralised exchanges, the crypto community eagerly anticipates further collaboration between SphereX and Blast, expecting a positive impact on the broader blockchain ecosystem.

About SphereX

SphereX is a decentralised cryptocurrency exchange designed to provide users with a safer, more efficient, and user-friendly platform for trading digital assets. SphereX features a unique combination of capabilities, including off-chain matching for lighting-fast transaction execution, on-chain consensus for advanced security, and cross-margin trading that optimises capital usage. For more information about SpehereX, visit their website and follow SphereX on X and Telegram for updates, news, and promotions.

About Blast

Last is the only Ethereal Layer 2 solution with native yield for ETH and stablecoins. Blast aims to grow the on-chain economy with the highest possible yield on L2. For more details, please visit the Blast website.