Kwenta, a cutting-edge marketplace specializing in decentralized derivatives trading, provides a seamless and easy-to-understand interface. This drive engages people to exchange various resources without the requirement for go-betweens.
This article dives into the features and benefits that make Kwenta a champion decision for traders looking to explore the intricacies of the DeFi landscape.
What Is Kwenta?
Kwenta (KWENTA) is a decentralized trading platform that works with derivatives trading through synthetic assets. Regarding computerized monetary standards, engineered resources are tokens that reproduce the value of real-world assets, considering a diverse range of trading opportunities.
Kwenta's allure lies in its locally determined approach and the broad help from clients and designers in the decentralized money (DeFi) space.
Among Kwenta's key features are:
- Leverage: Traders can access leverage up to 25x, which allows for amplified positions.
- Speed: Thanks to its deployment on the Optimism network, Kwenta offers near-instant transaction capabilities and minimal gas fees.
- Liquidity: The platform achieves deep liquidity comparable to centralized exchanges, which enhances trading experience and efficiency.
- Advanced Orders: Traders benefit from options like limit and stop-loss orders, providing more strategic control in trades.
Background and History of Kwenta (KWENTA)
Kwenta has rapidly evolved since its inception, marked by several key milestones. Leveraging the Synthetix protocol has been fundamental in establishing its credibility and user base. As it expands its offerings to include real-world assets, Kwenta has consistently demonstrated its commitment to driving innovation in the cryptocurrency space.
Currently, the market performance of Kwenta is promising, particularly in light of its tokenomics, which fosters growth and retains investor interest. The distribution of its native token, KWENTA, emphasizes community involvement and sustainable development.
The Price Change of Kwenta (KWENTA) on CoinEx
The price of KWENTA on CoinEx on September 12 has experienced significant fluctuations over time, reflecting its dynamic nature in the cryptocurrency market. Over the past 24 hours, KWENTA has surged by an impressive 38.92%, showcasing a strong demand and heightened trading activity.
Looking at the past week, the price increase is even more remarkable, with a 72.24% rise in just seven days. This upward trend continues when you examine the last month, where KWENTA has appreciated a staggering 113.68%.
However, the longer-term view presents a different picture. Over the past three months, the price has dipped slightly by 3.99%. The decline becomes more pronounced when evaluated over six months, showing a drop of 51.86%. When assessing the price over the last year, KWENTA has declined by 20.83%.
Since its peak, the overall price change reflects a significant 90.17% decline. Such volatility is typical in the cryptocurrency market, and engaging in trading carries certain risks.
For more details, you can explore the price trends and trading metrics directly on CoinEx.
Tokenomics
The total supply at the end of four years of 1,009,409.43.
Overview
- Name: KWENTA
- Official Link: https://kwenta.eth.limo/
- White Paper Link: Kwenta White Paper
- Explorer:https://optimistic.etherscan.io/token/0x920Cf626a271321C151D027030D5d08aF699456b
- Total Supply: 1 Million
- Twitter: https://twitter.com/kwenta_io
- Discord: https://discord.gg/kwentaio
- Supported CEX: CoinEx, MEXC, BitHumb.
- Supported DEX: Velodrome Finance v2, Uniswap v3
- Convenient for users to know in time: https://www.coinex.com/en/info/KWENTA
*This article does not constitute investment advice.
Frequently Asked Questions about Kwenta
How does Kwenta differ from traditional exchanges?
Kwenta utilizes decentralized price feeds and does not rely on an order book, providing a distinct approach to trading
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