The crypto exchange IDEX has recently added layer 3 capabilities to its platform, creating a ground breaking new form of trading that marries security and performance to its fullest. In the past 48 hours, the native cryptocurrency of the decentralized exchange IDEX has seen a huge price surge of over 70%, hitting a new yearly high of $0.1057. CoinmarketCap figures show that in the past 24 hours the trading volume on the exchange has increased by 600% to $310.7 million, while the market capitalization of the crypto asset rose to $63.5 million, marking a 52% increase.

To encourage users to take advantage of its latest version of the product, the exchange is offering a staking program designed to reward those who participate. By staking their tokens, users can earn a 50% share of the fees generated by IDEX. In addition, a series of activities is being planned for the remainder of the year to reignite the DeFi summer fuelled by the introduction of its Layer 3 capabilities.

At the time of writing, IDEX had slipped back from its local high, exchanging at around $0.0980 according to TradingView figures. However, the coin still held significant bullish momentum, with the next resistance set at $0.1094 and looking likely to be eventually breached. The success of the exchange’s new capabilities is clear in the implementation of Layer 3, with its innovative combination of decentralized exchange custody and centralized exchange performance providing an attractive option for users in need of a secure trading environment.



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