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Solana Dex Labs Explained

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Dex Labs is one inventive decentralised exchange built on the Solana network. The company is based in Korea and launched in May 2021.

It is a unique platform as it offers an infrastructure that allows token minting on Solana. It has an easy-to-navigate interface which makes token launching seamless. Because of this, users on the network have easy access to new tokens.

Furthermore, the exchange offers a cross-chain swapping feature and allows instant transactions. With its native token, you can also earn yields by staking them.

Dexlab offerings

This platform is inspired by the Project Serum on the SOL blockchain. This project itself has many parallels with Uniswap. Like both these platforms, Dex Labs offers swift and efficient transactions. It also allows swapping and supports stablecoins and wrapped tokens.

With all these features, Dex Labs offers various products. These products facilitate trading and allow secure storage of your assets. Let's explore some of its offerings.

  1. Trading and swapping

Dexlab is a complete platform for trading or swapping assets. It provides users with market analytics leveraging Serum technology. It also presents data in visuals which assist you in reading it with ease.

  1. Wallet

You can not only trade on the platform but can also keep your assets on it. It offers a secure wallet with a multi-chain feature. Therefore, you won’t have to use third-party wallets while making trades.

  1. MintingLab

One of the best features of the platform is its minting capability. On its MintingLab, you can issue Solana-based tokens. Meanwhile, its user-friendly interface makes listing and management relatively straightforward.

  1. IDOs

As new projects can be launched on the platform, users enjoy initial decentralised exchange offerings. That’s why it can be a great way to explore or acquire nascent coins on the blockchain.

  1. Staking

Staking is a popular way among investors to generate good yields. And this platform has a high-yielding staking program. You can use your DXL tokens to receive weekly incentives. Besides, you can also avail of the airdrops and participate in the liquidity pool.

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What is Dex Lab's launchpad?

Dexlab is architectured on Solana and introduces a minting platform for new tokens. It has an intuitive interface that allows a smooth user experience. Also, it enables you to integrate the Solana CLI with it.

This eases the coding process for you. On this platform, you can also mint tokens and mint NFTs (non-fungible tokens).

DXL tokenomics

DXL is the native token that fuels the platform. It is used for Dex labs’ governance and facilitates all transactions. There are 1 billion DXLs with a current market cap of $3,957,867.

The tokens are allocated for several purposes. Among them, the highest part (19.5%) goes to the mining pool reserve.

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Bottom line

DexLabs is an entirely decentralised exchange in the Solana ecosystem. The platform is not only beneficial for crypto investors but is handy for issuers, too. Along with the trading analytics and swapping features, it also introduces its own wallet. Meanwhile, its IDOs and staking program allow high yields.

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Author: Wasay Ali

Author: Wasay Ali

Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.

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