Blockchain
MEXC Futures Business Grows Ultimately, Highlighting the Advantages of Liquidity and Fee Rate
Toronto, Ontario–(Newsfile Corp. – January 2, 2023) – In early December, the cryptocurrency exchange MEXC announced that its futures business made a significant breakthrough in 2022, with an average daily trading volume growth of 1200%. This data can be verified from third-party public data.
MEXC
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On December 20, CoinMarketCap‘s data showed that among the main exchanges, the daily trading volume of MEXC’s futures reached $2.4 billion, ranking fourth globally.
The main reason for the growth of MEXC futures business is that the exchange has reportedly continuously optimized the liquidity of the top 50 tokens by market cap since the beginning of this year. As a result, by the third quarter of this year, the liquidity of MEXC futures business had reached the leading level globally.
For futures traders, liquidity is the core indicator, which directly determines trading fees and experience. This is because the better the liquidity, the better the depth, the higher the turnover rate, the smaller the price difference, the lower the trading fees, and the faster the trading speed. At the same time, under extreme market conditions similar to March 12, 2020, futures products with high liquidity can avoid accidental “pin bar” patterns.
In addition to liquidity, the number of cryptocurrencies supported by the futures exchange and the trading fee rate are also comprehensive indicators considered by traders. One of the most important factors is the fee rate. The lower the fee rate, the lower the trading fee.
CoinGecko‘s data shows that in terms of the number of trading pairs, MEXC has listed the most cryptocurrencies for futures products, with more than 179.
The number of listed cryptocurrencies is more apparent. Because of the high frequency of project list, there will be a time difference between different exchanges. For some traders, the futures trade of minor market cap cryptocurrencies can better meet their needs. However, the frequency of project lists on the secondary market will gradually decrease, and the gap between the number of cryptocurrencies listed on each exchange will gradually decrease as well.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/149880
Blockchain
Aizel joins the peaq ecosystem to make AI secure and verifiable
peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), announces the expansion of its ecosystem as Aizel Network joins to transform the AI industry with Web3. Aizel is building a DePIN for running secure, private, and verifiable machine learning models leveraging a variety of technologies to give people more insight into what’s happening under the hood of various AI-powered apps and services. In the longer run, the integration may pave the way for more AI use in critical industries which need utmost transparency and verifiability for their models.
As the AI industry continues to bask in the public spotlight, some of its key flaws prompt uncertainty about just how far the boom could go. The sector’s appetite for electricity is gargantuan, estimated to match that of entire countries like Argentina or Sweden in the years to come. On top of that, security researchers are already exploring various ways of tampering with models and their outputs, which may lead to dramatic consequences in real-world scenarios, from a self-driving car causing an accident to an institutional-grade trading bot crashing an entire economy.
Aizel is building a DePIN for making AI computations trustless and verifiable. It makes every inference — the processing of a specific input by a trained model — more transparent by combining it with a cryptographically-secured set of metadata. The metadata can include the specific model used to produce the output and any other variables, such as the amount of electricity the process had consumed. Aizel taps multi-party computation and trusted execution environments (secure CPU and memory areas) to protect the outputs from tampering. As a result, the user always knows what model produced the output to a desired query, making for more secure and transparent AI applications — without the kind of scaling constraints that comes with using zero knowledge computation for trustless AI.
Tapping the home of DePIN as its layer-1 backbone, Aizel will leverage the peaq SDK to make its network compatible with peaq. As part of the integration, it will deploy the smart contracts powering its core logic, including uploading AI models and user inputs, on peaq. Finally, it will set up a cross-chain module, further connecting its network with peaq, and issue a certain percentage of its token supply natively on the home of DePIN.
“Most of today’s AIs run as closed-off black boxes offering the users little to no insight into what model they are actually interacting with, and how this model produces its insights,” says Jeremy, co-founder of Aizel Network. “This naturally limits their applications in business and beyond. Aizel unlocks verifiable AI for everyone — and peaq’s powerful fundamentals, Modular DePIN Functions, and a vibrant DePIN ecosystem make it the perfect home for that.”
“To call AI a promising industry would be an understatement of how world-changing it is,” says Till Wendler, co-founder of peaq. “But to live up to its full potential and unlock new use cases, it needs transparency and verifiability. Aizel taps the Web3 stack to make that happen, and we’re excited to see it tap peaq as its layer-1 backbone for this important mission.”
The post Aizel joins the peaq ecosystem to make AI secure and verifiable appeared first on HIPTHER Alerts.
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