We wanted to take a moment to fill our community in on all the latest developments with IDEX. This update includes information on IDEX’s platform growth, product improvements, token listings, and more.

Platform Growth

IDEX has grown to 180,000 user accounts, adding over 30,000 in the past month! We typically rank in the top 60 of all crypto exchanges according to CoinMarketCap, averaging anywhere between $10–20M in daily trading volume. Additionally, we typically hold the #1 spot for Ethereum transactions (averaging 5–10%) as well as daily active users.

DEX Volume Comparison

According to EtherScan, IDEX accounts for roughly ~80% of Ethereum-based DEX volume. However, they just recently included some historical DEX volume which has skewed this data considerably. Additionally, they do not account for DEX’s that run on separate blockchains such as Waves or BitShares. Therefore, we created a tracking tool that delivers a more comprehensive DEX volume comparison. What we found is that in the past week (since we started tracking data) is IDEX accounts for approximately 40% of current DEX trading volume:

Source: CoinMarketCap daily volume snapshots (6/8–6/16)

Product Updates

In the past few weeks, we have made several under-the-hood improvements to IDEX:

A new web client is being developed. It is faster, more responsive, and has improved visuals. We’re serving a subset of users for testing then plan to roll it out to all users in the near future

Trade execution time has been reduced nearly 10x

Static asset serving and caching improvements help IDEX load nearly instantaneously

On Tuesday we released the latest AURA trading airdrop to over 26k users who had over $5 in trading rewards! Those with under $5 will be able to claim any outstanding rewards it later with our future redemption tool

We’ve maintained primary focus on stability improvements, particularly on improving deposit and withdrawal speeds

In the Media

CEO Alex Wearn and I sat down with CoinCentral’s Munair Simpson during Consensus 2018 to discuss our vision for both IDEX the future of Aurora as a whole. In the interview, we go into detail on upcoming Aurora initiatives such AURA staking, the boreal stablecoin, and our decentralized lending platform—Decentralized Capital. You can find the full interview here.

Token Listings

As many of you know, we recently de-listed several tokens that did not meet our token listing guidelines. Namely, we are currently not listing any tokens that promise dividends or a return on investment. This does not reflect the quality of the projects whatsoever. We are simply keeping an eye on the shifting regulatory landscape to ensure IDEX can continue to support the trading of crypto assets, in whatever form they come, now and in the future.

That said, we are always searching for exciting new tokens to list that do meet our criteria, which can be submitted for review on the IDEX Token Submission Form. Be sure to follow us on Twitter to get notified as soon as new tokens are available to trade.

As always, thank you to our amazing community for helping make IDEX the most popular DEX in the space. For those interested in sharing in our success, we suggest familiarizing yourself with AURA staking, which will be essential to IDEX’s future, fully-decentralized architecture.

~The Aurora (IDEX) Team!