DeFi now has a professional trading terminal, Kattana. It often surpasses the CEX models.
DeFi has existed for a long time and there have been huge differences between traditional traders who trade on CEXs or outside of crypto and DeFi traders. DeFi traders often had to use the very basics tools that are available, sometimes just taking whatever is offered by Uniswap, other AMMs, etc. When even a small delay in the process can lead to huge losses, what trader needs to be restricted by such blunt tools?
Kattana’s team knew all about this, as they had developed an excellent CEX trading terminal. But creating an effective DeFi terminal was not easy.
For starters, it’s hard enough to create an accurate terminal to trade on one blockchain — Kattana’s works on 6 (with more planned). Cross-chain trading is difficult. Kattana built completely new infrastructure — from scratch — to make cross-chain trading quick, accurate, and secure. It allows rapid upgrades and large scale scaling. This is the best thing about Kattana’s new infrastructure. There are a lot of amazing features now available. Kattana lets users trade real-time across over 40 DEXs on multiple networks. The user can view 24 charts at once, three types of limit orders and an AI-powered news feed. There are also data analysis tools, as well as innovative tools such as Kattana.
In a distributed marketplace, data accuracy can also be difficult. Kattana already has 383 million trades across over 800,000. Trading tickers. And it’s only ramping up: just on 3 blockchains, Kattana is recording 4-5k trading tickers daily.
Kattana’s CEO, Ilya Demydonok, is well aware of the challenges: “Many told me that this was impossible, but our team put in crazy long hours and created a trading terminal not only as good as any CEX but even better.”
Sometimes something simple and apparent can be very difficult to accomplish in DeFi. Limit orders are similar to CEXs traders, in that they can be used by them. Yet, Kattana’s engineers figured out a way to get them right and will implement proper limit orders into the next update.
This combination of all these features is not easy to use but it’s essential to traders to create an unparalleled trading experience.