Kadena Looks to Capture DeFi Energy With New Decentralized Exchange

Technology

Hybrid blockchain platform Kadena plans to launch a new multi-chain decentralized exchange (DEX) in hopes of wooing business from congestion-plagued Ethereum-based rivals.

Called Kadenaswap, the new DEX, unveiled Tuesday and set to debut late this year, will attempt to skirt around Ethereum’s surging gas fees and perennial network congestion (caused in part by the explosive success of Uniswap) by providing decentralized finance (DeFi) traders with an alternative platform that Kadena President Stuart Popejoy claims can handle high volumes.

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