Blockchain, UI/UX Design, Website Development

BeeDEX

DEX aggregator exchange on BSC

BeeDEX cover
Client

Confidential

Duration

1.5 months

Category

Blockchain

Year

2022

Technology

AWS, Mongo Atlas, Infura IPFS, Move - Rust language, Lambda serverless, NodeJS, ReactJS

Introduction

BeeDEX with the product named BeeFi is a DEX aggregator exchange. It aggregates liquidity across BNB Chain, constantly monitoring and comparing various available cryptocurrency pairs supported by different exchanges, allowing users to enjoy world class experience with the best swap rate.

Challenges

BeeDEX aims to provide users with the best possible swap rates by pooling liquidity from various DEXs operating on the BSC network. However, several challenges stood in the way of achieving this aim as an efficient DEX aggregator exchange:

– Complex & vulnerable smart contracts: DEX aggregators require intricate smart contract logic for trade routing and token handling. 

– Inefficient data & routing: Aggregating real-time data from multiple DEXs to find optimal trades is computationally intensive. Efficient data fetching, processing, and routing are essential to minimize latency.

– Poor user interface/experience: Presenting complex trade information (routes, prices, slippage) clearly is vital. The UI must be responsive and handle real-time updates effectively.

Solutions

To ensure that BeeDEX can tackle the aforementioned challenges, Hola Tech adhered to the best practices. Key components of the solution included:

– Secure smart contract infrastructure: Hola Tech developed a secure and efficient smart contract system using Move/Rust, incorporating rigorous testing and auditing processes. This ensured the robust handling of trade routing and token management while minimizing vulnerabilities.

– Efficient data aggregation and routing: Hola Tech implemented a high-performance data aggregation and routing solution, leveraging The Graph for efficient DEX data indexing and Lambda/NodeJS for scalable trade route computation. This system optimized trade execution and reduced latency.

– Intuitive user interface: Hola Tech designed a user-friendly ReactJS interface that simplifies the complexities of DEX aggregation. The platform provides clear visualizations of trade routes, price comparisons, and real-time market data, enhancing the overall user experience.

Featured numbers

– Processed a total trading volume exceeding $10 million

– Supported up to 5,000 concurrent users with high performance

– Monitored and compared cryptocurrency pairs across a comprehensive network of 25+ decentralized exchanges on the BNB Chain

Results

Since its launch, BeeFi has processed a total trading volume exceeding $10 million, demonstrating significant user adoption and trust. This product also supported over 5,000 unique users who benefit from a seamless and efficient trading experience. This has positioned BeeFi as a rapidly growing force within the BNB Chain’s DEX aggregator landscape, empowering users to maximize their profit capacity with every trade.

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