ADEX, a global digital exchange that focuses on user-friendly cryptocurrency trading with seamless fiat conversion, real-world asset (RWA) tokenization, and full custody of user assets, has today announced a collaboration with Unizen, a decentralized ecosystem infrastructure provider whose core products include a DEX aggregator and an upcoming Layer 1 decentralized chain.
According to the official press release shared with Cryptopolitan, the collaboration will allow ADEX to tap into Unizen’s cross-chain functionality to improve the trading experience for its users. The Unizen Interoperability Protocol (UIP) currently supports multiple DeFi ecosystems, including LayerZero, Thorchain, Stargate, Axelar, and cBridge.
Commenting on the collaboration, ADEX’s CMO Paul Giles noted that this milestone is a huge step forward and fits right into the project’s mission of making DeFi seamlessly accessible,
“By working together, we’re committed to breaking down the barriers that have been holding DeFi back. Our goal is to build an exchange that truly changes how people trade, bringing in a whole new wave of users into the world of decentralized finance.”
On launch, ADEX users will be able to trade across 8 chains on launch with 3 more set to be added in the near future. This integration will also provide the DEX’s users with access to over 197 liquidity sources, featuring over 20,000 assets.
Other additional perks that users stand to gain from ADEX’s integration with Unizen’s cross-chain infrastructure include low slippage and seamless trading across several DeFi ecosystems. The move will also likely boost other DeFi-oriented products that ADEX intends to launch such as a Real World Assets (RWA) platform that will be built on an independent Layer one chain with a simple KYC process and easy to navigate on/off ramps.
Alongside the collaboration, ADEX is also set to join Unizen’s ZenX Labs which is a CeDeFi incubator that features a holistic approach in supporting DeFi projects – from the genesis stage through launch and market growth. This setup will provide a collaborative environment for the ADEX and Unizen teams to work together towards expanding the network and offerings on both sides.
While the activity in DeFi might have slowed down during the bear market, the latest statistics from DeFi Llama show that the total value locked (TVL) is up from $54 billion at the beginning of 2024 to $84 billion as of writing. Collaborations such as the one between ADEX and Unizen will likely forge new ways to increase the liquidity in this niche by eliminating the fragmentation barrier.
The announcement also emphasized that the two projects are committed to exploring further integrations and opportunities to increase value within the broader DeFi community.
