About Demex

What is Demex?

Demex (a.k.a. Decentralized Mercantile Exchange) is a decentralized L1 platform built from the ground up to support a fully on-chain financial system. Every action is visible on-chain, and it supports up to 50k orders / second with a 1.6s block finality time.

Demex uses a custom consensus algorithm based on CometBFT, as well as a proprietary oracle P2P protocol that allows data feeds of any asset to be updated to the L1 within 1 second.

Our vision is to be able to support any finanical need a person may have. Demex currently already supports on-chain order book trading (spot, perpetuals, futures), lending & borrowing, earning via staking & liquidity pools. Demex will be launching options trading soon.

Why Demex?

Demex is unique as it has:

Deep Liquidity - Demex spot and perpetual order books are backed by liquidity vaults and AMMs. This means very deep liquidity, and virtually zero slippage on all markets.
CEX Speed Trading - With a 1.6s block time, Demex finality is 400x faster than Ethereum, and comparable to the latest Layer 2 chains. Trading on Demex is virtually indistinguishable from a CEX.
One-stop Shop - Demex supports many types of instruments rather than just one (e.g. perps). This means you can deposit once and do everything you need on Demex.
Capital Efficient - Multi-collateral trading will allow lending positions and non-stablecoin assets to be used as margin. Together with support for long tail assets, Demex is the most capital efficient trading venue.
True Fairness - Demex's trading engine is MEV-resistant - all trades within a block are treated with the same time priority and are fairly matched through a with a single clearing price. There is no centralized sequencer and there are 10+ non-team validators active.
True Openness - All transactions are on-chain and final. Users can also list any token and create any market permissionlessly.

NextRoadmap

Last updated 14 days ago

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What is Demex?

Demex uses a custom consensus algorithm based on CometBFT, as well as a proprietary oracle P2P protocol that allows data feeds of any asset to be updated to the L1 within 1 second.

Why Demex?

Demex is unique as it has:

Deep Liquidity - Demex spot and perpetual order books are backed by liquidity vaults and AMMs. This means very deep liquidity, and virtually zero slippage on all markets.

CEX Speed Trading - With a 1.6s block time, Demex finality is 400x faster than Ethereum, and comparable to the latest Layer 2 chains. Trading on Demex is virtually indistinguishable from a CEX.

One-stop Shop - Demex supports many types of instruments rather than just one (e.g. perps). This means you can deposit once and do everything you need on Demex.

Capital Efficient - Multi-collateral trading will allow lending positions and non-stablecoin assets to be used as margin. Together with support for long tail assets, Demex is the most capital efficient trading venue.

True Fairness - Demex's trading engine is MEV-resistant - all trades within a block are treated with the same time priority and are fairly matched through a with a single clearing price. There is no centralized sequencer and there are 10+ non-team validators active.

True Openness - All transactions are on-chain and final. Users can also list any token and create any market permissionlessly.