Develop DEX projects using Velas

Decentralized exchanges operate without a centralized governing body, functioning on a peer-to-peer (P2P) principle that eliminates the need for user registration and refrains from storing funds centrally. Decisions regarding project development typically involve collaborative efforts with the community, contributing to the growing popularity of decentralized exchanges (DEX). Let's delve into the concept of DEX on the blockchain and explore the distinctive advantages that Velas brings to this domain. Decentralized exchanges, integral to the decentralized finance (DeFi) ecosystem, exist on blockchain networks without a central authority. They are managed either automatically through smart contracts or semi-automatically by developers and the community. The paramount benefit offered by decentralized platforms lies in the security of assets. Users on DEX execute transactions directly from their wallets, ensuring independence from exchange accounts controlled by third parties. Now, examining the advantages that Velas Blockchain introduces to DEX development, it employs various solutions to enhance network speed. These include validator clustering, task parallelization, and support for eBPF, a virtual machine capable of executing code in the operating system kernel. Velas blockchain boasts an impressive processing capacity of over 50,000 transactions per second (TPS), with potential scalability up to 700,000 TPS depending on internet infrastructure. Additionally, Velas distinguishes itself with one of the lowest transaction fees in the network, not exceeding $0.000001. Velas supports two types of smart contracts: the eBPF machine (C and Rust languages) and EVM (Solidity language). To engage EVM contracts, users transfer VLX tokens to the EVM space via a bridge. A notable example of a DEX on Velas is WagyuSwap, the first DEX on the world's fastest blockchain. This DEX, constructed on a groundbreaking blockchain atop Solana, ensures complete compatibility with EVM and facilitates easy token connections across multiple networks. Velas, recognized as the fastest blockchain in the cryptocurrency realm, boasts active involvement from over forty projects. The blockchain's speed and high-level security align seamlessly with the core principles of decentralization, offering an optimal solution for decentralized exchanges seeking both speed and privacy. As the landscape evolves, decentralized exchanges, exemplified by Velas, have the potential to emerge as robust alternatives to centralized counterparts, facilitating swift and secure token trading.