Morpher, an Ethereum blockchain-powered trading platform, announced today that its community has grown to 300,000 traders with over 800,000 trades. Now, one year since the launch of the Morpher Protocol, the team has a big update to declare, the upcoming launch of the Morpher DEX.
The DEX, now with early access open, will allow users to trade 700 assets with up to 10x leverage directly on the Ethereum blockchain.
“More importantly, the DEX is open to anyone around the world. You don’t need to deposit or create an account to trade. Get exposure to DOGE and Polygon without leaving the Ethereum blockchain. Join the list for early access. The DEX is launching soon, we’re excited to have you with us on the next chapter.”
– The Morpher Team
Morpher’s decentralized smart contracts are responsible for processing trades, managing virtual futures, and setting MPH token balances. Meanwhile, an oracle service connects the protocol to live market data. Additionally, the platform includes plasma scaling, which means traders get a smooth experience through the DApp and sidechain; or they can also interact directly with the protocol on the Ethereum mainnet.