Ethereum’s ZigZag DEX: Launching on Arbitrum Network with Meta Trade Feature
According to reports, the official Twitter account of Ethereum\’s second layer ZKRollup order book DEX ZigZag has announced that the new version of the order book will be launched o
According to reports, the official Twitter account of Ethereum’s second layer ZKRollup order book DEX ZigZag has announced that the new version of the order book will be launched on the Arbitrum network free of protocol fees DEX, and will soon launch a breakthrough feature: Meta Trade. Super trading will eliminate the need for continuous wallet confirmation during DEX transactions. It provides a Web2.0 like experience. Implemented through two key components: the Forwarder and Session Keys. In addition, ZigZag will be launched on zkSync Era as soon as possible.
ZigZag launches a new version of the order book DEX on Arbitrum
Are you excited about the latest development in the world of Ethereum’s second layer DEX? Here’s some exciting news for you: ZigZag DEX has officially announced the launch of its new version on the Arbitrum network without any protocol fees.
This development has been a major win for ZigZag, and the new version promises to offer an even better trading experience than before. The most significant feature of the new ZigZag DEX version is the ‘Meta Trade’ feature, which is expected to revolutionize the DEX industry.
In this article, we’ll take a closer look at this groundbreaking development, and explore how it will impact the DEX industry.
What Is ZigZag DEX?
Before we dive further into the ZigZag DEX’s new development, let’s take a closer look at what ZigZag DEX is and how it works.
ZigZag DEX is a popular decentralized exchange built on the Layer 2 scaling solution, zkRollup. It aims to offer a more efficient and cost-effective trading experience than traditional decentralized exchanges. ZigZag’s unique architecture allows it to process up to 200 trades per second, with the potential to scale up to 2000 trades per second in the future.
Launching on Arbitrum Network
ZigZag DEX’s new version will be launched on the Arbitrum Network, a Layer 2 scaling solution that uses Optimistic Rollups to provide faster and cheaper transactions on the Ethereum network.
By launching on the Arbitrum network, ZigZag DEX will benefit from faster transaction speeds, reduced gas fees, and a more scalable network. According to reports, ZigZag DEX’s new version on the Arbitrum network will be entirely free of protocol fees, making it an even more cost-effective option for traders.
What Is Meta Trade?
The most significant feature of ZigZag DEX’s new version is the ‘Meta Trade’ feature, designed to eliminate the need for continuous wallet confirmation during DEX transactions.
So how does the ‘Meta Trade’ feature work? ZigZag DEX’s ‘Meta Trade’ is implemented through two key components: the Forwarder and Session Keys. The Forwarder allows orders to be relayed directly from ZigZag’s order book to the Meta Trade contract. The Session Key then enables trades to be executed without requiring continuous wallet confirmation.
A Web2.0-like Experience
The ‘Meta Trade’ feature promises to offer a Web2.0-like experience for traders, making trading on ZigZag DEX faster, more efficient, and more user-friendly than ever before.
Traders will no longer need to wait for confirmation before making the next trade, meaning they can execute orders more quickly and efficiently. This new feature will be particularly useful for day traders and investors who need to make quick decisions in a fast-paced trading environment.
Launching on zkSync Era
In addition to launching on the Arbitrum network, ZigZag DEX also plans to launch on the zkSync Era Layer 2 scaling solution in the near future.
Launching on zkSync Era will provide ZigZag DEX with another scalable network to operate on. This will allow even more users to trade with ZigZag DEX, further expanding its user base.
Conclusion
The launch of ZigZag DEX’s new version on the Arbitrum network with the Meta Trade feature is set to revolutionize the DEX industry. This development promises to offer a more efficient, cost-effective, and user-friendly trading experience than ever before. With plans to launch on zkSync Era in the future, ZigZag DEX looks set to become a leading player in the DEX industry.
FAQs
1. What is the ZigZag DEX?
ZigZag DEX is a popular decentralized exchange built on the Layer 2 scaling solution, zkRollup.
2. What is the Meta Trade feature?
The Meta Trade feature is designed to eliminate the need for continuous wallet confirmation during DEX transactions.
3. Will ZigZag DEX be launching on other Layer 2 scaling solutions?
Yes, ZigZag DEX plans to launch on the zkSync Era Layer 2 scaling solution in the near future.
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