Radar Relay, the peer-to-peer decentralized trading platform for Ethereum-based tokens, has announced that it has emerged from its beta phase. The newly-launched Version 1 makes substantial improvements to its automated trading tools through the development of an updated application programming interface (API) and a new software development kit (SDK).
The update comes with improvements to user onboarding, with an intuitive tool to guide users through the process of connecting their wallet to the platform and enabling tokens for trading. The update also provides Radar Relay’s blockchain-based API with the same level of operational stability as other professional APIs.
“When we launched the Radar Relay beta, we took a leap of faith in taking on the challenges of creating a new category and bringing control back to traders. Nine months later, the answer is clear, the response has been humbling, and we are one step closer to onboarding the world to the token economy. Leaving beta is more than just a technical update; it’s an inflection point for our industry. We are excited to evolve past the traditional exchange with the creation of wallet-to-wallet trading.”
Throughout the beta stage, Radar Relay added more than 170 ERC-20 tokens to its platform, facilitated more than $150 million USD in trading volume, and saw the average trade size increase by a factor of 40.
“With the newly-created API, we looked to innovate on the concept of an API altogether by creating an intuitive and in-depth toolset. The same level of effort and attention to detail that went into creating our product was applied to our documentation as well, to ensure it’s more than just code on a page. This enables users of all experience levels to plug into Radar Relay not only to create and execute automated trades but also to further enhance their existing applications.”