New trends are emerging in the field of cryptocurrency trading. Recently, digital asset trading platform BYDFi announced the launch of a brand-new on-chain trading engine, MoonX, aiming to break down the ecological barriers between centralized exchanges (CEX) and decentralized exchanges (DEX) through technological integration, and provide users with a trading experience that combines security, efficiency, and decentralization.
Technical architecture: The dual advantages of linking CEX and DEX
MoonX is built on the Ethereum Layer 2 network and adopts a hybrid model of “order book + Automated Market Maker (AMM)”. It not only retains the high order processing efficiency of centralized exchanges (with a peak of up to 100,000 transactions per second), but also realizes the decentralization of asset custody and transaction execution through smart contracts. Users can directly access MoonX through their BYDFi accounts without the need to repeatedly create wallets or manage private keys, thus lowering the operational threshold for entering the DeFi market.
“Traditional CEX is confronted with dual challenges of regulatory compliance and user asset security, while the user experience of DEX is often constrained by on-chain congestion and high gas fees,” said the technical director of BYDFi. “MoonX’s goal is to create a ‘seamless’ cross-ecosystem trading channel, allowing users to enjoy the convenience of CEX while “Touch upon the asset transparency and autonomy advantages of DeFi.”
Core functions: Cross-chain interoperability and modular expansion
MoonX initially supports on-chain trading of 12 mainstream assets including ETH, USDT, and BTC, and achieves cross-chain price feeding through the integration of Chainlink oracle. It is worth noting that this engine is equipped with an “intelligent routing system” that can automatically match the best quotes between CEX order books and DEX liquidity pools. For instance, when a user issues an ETH/USDT trading instruction on BYDFi, the system will simultaneously scan the liquidity of seven platforms including Binance and Uniswap. Ensure that the transaction price is better than that of the single market.
In addition, MoonX has opened its developer interface (API), allowing third-party projects to access and build customized applications. For instance, DeFi lending protocols can optimize the collateral clearing mechanism in real time by invoking the transaction data of MoonX. The NFT market can leverage its cross-chain liquidity to achieve seamless exchange of multi-chain assets.
Industry Impact: Promoting the “decentralization and centralization” of the trading ecosystem
Industry analysts believe that the launch of MoonX marks the shift of trading platforms from “simple traffic competition” to “technological infrastructure competition”. Traditional CEXs such as Binance and Huobi have previously laid out decentralized businesses by acquiring DEX projects (such as Swipe and Heco), but mostly adopted independent ecosystem models. BYDFi, through the integration of underlying technologies, has achieved cross-ecosystem transactions under the same account. This innovation may accelerate the industry’s transformation towards a “hybrid trading architecture”.
“For ordinary users, there is no need to care whether assets flow on-chain or off-chain. They only need to focus on transaction costs and experiences,” noted Li Ming, a cryptocurrency analyst. “This’ Decentralized Centralization ‘model may become the mainstream in the future, especially against the backdrop of stricter regulation.” The transparency of on-chain transactions will become an important competitive edge.
Risks and Challenges: Technical Security and Regulatory Compliance
Although the design concept of MoonX has attracted much attention, the challenges it faces are equally significant. The first is the security risk of smart contracts – the hybrid architecture involves on-chain and off-chain data interaction. If there is a vulnerability in the oracle or cross-chain bridge, it may lead to asset loss. Secondly, the regulatory attitudes of different jurisdictions towards on-chain transactions are not yet clear, especially regarding the compliance boundaries between CEX and DEX. MoonX’s operation model may need to further adapt to local policies.
BYDFi stated that MoonX has passed the dual audits of Certik and Slow Fog Technology and plans to apply for a Crypto Asset Service Provider (CASP) license in regions such as the European Union and Singapore. “Compliance and technological innovation are the two wheels driving the long-term development of the industry,” emphasized the compliance director of the platform. “We will strictly follow the global regulatory framework to ensure the legality of users’ assets and transaction behaviors.”
Future Outlook: From Trading Tools to Ecological hubs
According to the roadmap released by BYDFi, MoonX will launch a derivatives trading module in Q3 2025, supporting on-chain settlement of perpetual contracts and options. At the same time, the “MoonX Developer Fund” will also be launched, with an investment of 100 million US dollars to encourage innovation in DeFi applications. In the long run, BYDFi hopes to build MoonX into an “infrastructure hub for decentralized finance”, connecting diverse scenarios such as lending, insurance, and asset management, and promoting the evolution of the crypto economy from “transaction-driven” to “application-driven”.
“Only when transactions are no longer the sole entry point for users to interact with the crypto world can the industry truly achieve large-scale adoption,” BYDFiCEO concluded at the press conference. “MoonX’s mission is not only to provide a trading engine, but also to build a bridge that enables traditional financial users to seamlessly connect with the Web3 world.”
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