In 2021, the market capitalization of DeFi reached $170 billion. However, there are limited opportunities for many decentralized platforms. DEXs currently offer only limited services to users such as lending or growing liquidity.
The potential for the DeFi market has much more potential than that presented right now. Ray.sX founders prove it. The Ray.sX project has created an open market for DEX app developers where anybody can post their products or services to the DeFi marketplace.
DeFi now has new tools
The DeFi market needs to find new ways of expanding the potential for existing DEXs. “If you examine the current DEX market, you will find out that it’s like an overlay of SWAP on SWAP. The majority of popular decentralized and DEX platforms are very restricted in their functionality. They do not allow for complex scripts or limit orders. However, our platform creates an open environment for developers to develop useful apps for the DEX,”George Gus is the founder of Ray.sX.
Professionals have the opportunity to create their own DeFi solutions using Ray.sX. The platform allows for direct communication between DeFi users and developers. This works in practice very well. An application allows you to place limit orders on your DEX. You, however, are unable to find a way to make it sell to the DEX.
Ray.xS is here to help. Sign up now to the platform and provide your application details. You can also create an offer on the platform for the sale of the solution. If you are interested in selling the app, investors or DEX representatives will be able to contact you. Ray.xS allows you to quickly and efficiently monetize the creation of your solutions.
DEXtools: All stats for decentralized financial transactions on one platform
Ray.xS not only created a DeFi marketplace, but also developed its own analytics software. They make it easy to monitor key indicators and organize them according a specific criteria.
“Today, the most popular tool for analytics in the decentralized finance world is DEXtools. There are many tools available for DeFi. These tools allow you to monitor new liquidity pairs and multi-swap dynamic or wallet activity. They also provide a variety of parameters. For example, token overview, coin prices on various platforms, transaction history, and trading volumes on various DEXs,”George Gus explains.
Ray.sX users have the ability to follow all DeFi stats on one platform. All Analytics can be accessed in clear, comprehensible graphs and charts.
Analysts and developers outside of Ray.sX can also provide their own methods for monitoring and collecting statistics. They may also be available on Ray.sX.
As the principal monetization tool, RAX token
Ray.sX’s main instrument is the native RAX token. It can be used to pay, turnkey solutions, or platforms from DEXs and aggregators.
“RAX will connect buyers, investors, and developers. It can be used to both pay for pre-made solutions or to invest in underdevelopment projects. These key features will unify all internal token exchanges and lead to the use of a single payment and investment unit,”George Gus.
The Ray.sX’s token will be available on the project’s platform and DEX after the final development phase is completed.
“Now we are working on partnerships with investment funds and developers who can offer their unique solutions to the world of DeFi,”George Gus.
Summary
The DeFi market is expected to grow in 2022. With new tools to trade, lend, and invest, this sector could improve the user experience. DEX has been looking to find modern and effective solutions that are easy and understandable for customers. Ray.sX could be an open platform, which connects investors, developers and consumers. The platform will then launch its own market for applications.
Decentralized Finance: Ray.sX’s Open Apps Marketplace
DeFi’s market capitalization was $170 billion by 2021. Many platforms that allow for decentralized financing have yet to be used. Most DEXs require only a handful of basic services such as lending or liquidity growth.
The potential for the DeFi market, however, is much greater than the existing state. Ray.sX’s founders are proving this point. They have created a market for DEX apps that will allow anyone to sell their product or service on the DeFi marketplace.
DeFi now has new tools
To attract more users and expand the capabilities of DeFi, new technologies are needed. It is also necessary to improve the functionality of reverse DEX.
“If you use the DEX market, you will find that this can lead to SWAP overlapping with SWAP. Many popular DEXs, and other decentralized platforms, have limited functionality. These platforms do not support complex scripts and limit orders. However, our platform creates an open development environment for useful DEX applications,”George Gus was the creator of Ray.sX.
Ray.sX allows you to create your own customized solutions for DeFi. It also allows developers and users to communicate directly. The team also has an application which allows users to place limit orders for the DEX. The DEX solution cannot be sold.
Ray.xS is here to help. You can register to the platform using your application data, and then create offers to sell solutions through the platform. Investors and DEX representatives may contact you to inquire about the application. Ray.xS allows you to easily and quickly monetize your solution development.
DEXtools: All the decentralized finance statistics are on one platform
Ray.xS not only provides a platform for DeFi apps, but also offers its own DeFi analytics tool. Users can quickly and easily evaluate high scores, and then group them according to criteria.
“Today, the most useful app for analysts in the world of decentralized finance is DEXtools. There are many DeFi tools that we offer. These tools allow you to make new liquidity pairs or swap dynamic, as well as monitor your wallet activity. You can also get a range of additional parameters. For example, an overview of tokens, coin prices of different platforms, transaction history and trading volumes on different DEXs,”George George Gus.
Ray.sX apps track all DeFi stats in one convenient and versatile platform. Analytics are presented in clear, transparent charts and graphs.
Ray.sX contributors and third-party analysts choose their meetings for collecting and monitoring statistics. Ray.sX is one example of such products.
As the principal monetization tool, RAX token
Ray.sX’s native token (RAX), is the primary tool for the platform. It is used to access payment, buy ready-made solutions, platform and aggregators.
“RAX will connect buyers, reach, and attract. It will be available in the Republic for both purchasing ready-made solutions or for investment in new projects. These key features unify all bulk token exchanges and drive a single payment and investment benefit,”George Gus.
After the end of the last development phase, the RAX token will be available for purchase on Ray.sX or DEX platforms.
“We are currently working on partnerships with investment funds and developers who can offer their private solutions to the DeFi world,”George Gus.
Summary
There is potential for growth in the DeFi market by 2022. This sector could work in tandem with new tools that allow trading, investing, and lending. DEX is currently looking for new, innovative and simple solutions that will benefit its customers. Ray.sX is a platform with the potential of bringing together consumers, exposure and engagement in a way that’s late for its app market.