Introduction: DEX and Hashflow
DEX stands for Decentralized Exchange, a platform for trading cryptocurrencies that operates on a decentralized network, without a central authority or intermediaries. Transactions are processed and recorded on a blockchain, making them secure, transparent, and censorship-resistant.
Hashflow utilizes a request-for-quote (RFQ) system, instead of relying on automated market makers (AMMs) used by most DEXs. This allows for direct quotes from market makers with no slippage and full protection of maximal extractable value (MEV). While AMMs are crucial, they have shortcomings such as capital inefficiency, risk of sandwich attacks and impermanent loss, and poor pricing of non-spot assets. On the other hand, Hashflow settles and swaps assets on-chain but allows market makers to price assets off-chain.
Hashflow, established in 2021, utilizes a request-for-quote (RFQ) model for trading instead of the automated market makers (AMMs) used by most DEXs, avoiding AMMs' shortcomings such as capital inefficiency, risk of sandwich attacks and impermanent loss, and poor pricing of non-spot assets.
This approach enables professional market makers to manage liquidity pools, providing traders and liquidity providers with improved efficiency, security, and new products. The platform has seen over $11 billion in total trade volume, 170,000 unique users, and daily active users (DAU) of 1,800 with a daily volume of $25 million to $30 million. Hashflow has also achieved over $1 billion in total trade volume on Polygon and Avalanche in just six months. It raised $28.2 million from investors including Dragonfly Capital, Electric Capital, Galaxy Digital, Jump Crypto, Wintermute, and GSR.
How Does Hashflow Works
Hashflow enables fast and secure asset swapping across multiple chains without the need for token bridges. It uses a hybrid on-chain/off-chain RFQ engine to obtain off-chain quotes from market makers managing on-chain liquidity pools. The smart contracts ensure that quotes are cryptographically signed and unchanging during a trade, providing guaranteed prices that are immune to front-running or MEV exploits. Hashflow also protects against slippage caused by cross-chain MEV, which can occur if there's a price change between transaction validation on the source chain and transfer to the destination chain. All trades on Hashflow are fully safeguarded from slippage and MEV.
What’s Hashflow Token and HFT Price Prediction?
HFT is the token for the Hashflow protocol and Hashverse platform. By staking HFT, users can access governance and reward features, including:
Governance: Vote-escrow (VE) token model with voting power determined by staked HFT amount and lock duration. Staking allows users to vote on and manage the protocol.
Rewards and community engagement: Hashverse is a gamified DAO and governance platform driven by storytelling. Staked HFT determines users' health metrics within the Hashverse and can be adjusted for optimal health. Active community members can receive rewards, with their Hashverse presence being a significant factor.
HFTUSDT is expected to rise 21.12% and reach $0.623843 by Feb 5 2023, per our prediction. The current sentiment is bearish, with the Fear & Greed Index at 61 (Greed). In the last 30 days, Hashflow saw 60% Green Days with 22.56% price volatility.
Click HFTUSDT to visit Hashflow latest price chart.