XenDex is a pioneer in launching a decentralized exchange (DEX) on the XRP Ledger and has developed an impressive range of features. Through these and many more efforts, the platform aims to create a robust ecosystem. It combines automated trading, decentralized lending protocols, AI-powered copy trading, staking mechanisms and cross-chain capabilities. Moreover, XenDex will provide features that haven’t yet been possible to deploy on the XRPL.

XenDex has quite a few cool touch features. These are DAO governance, lending and borrowing capabilities, spot and perpetual trading, and cross-chain interoperability. The roadmap includes development of cross-chain token bridges and a Launchpad, too. The platform’s native token, $XDX provides holders with governance rights, staking rewards, lower fees on the platform, airdrops and other exclusive perks.

The $XDX token has a total supply of 1,000,000,000, with 300,000,000 available for presale. In addition, token holders earn governance rights. This empowers them to directly advocate for platform improvements, funding initiatives, and ecosystem building via the decentralized autonomous organization (DAO) governance structure.

Holders of $XDX will be able to stake their tokens in order to receive earnings. They enjoy lower platform fees, airdrops and other exclusive perks that make their custodial experience more seamless, user-friendly and community-validating.

XenDex provides secure and smooth lending and borrowing services. Users have the ability to use their assets as collateral to unlock liquidity or lend them out directly to earn passive income. This new functionality improves capital efficiency and creates new channels for users to interact with the platform.

The new platform simplifies spot and perpetual trading for all users. Overall, with its internalized AMM approach, users can enjoy speedy token swaps through the platform. This allows quick, seamless transactions which make trading on the XRP Ledger a breeze.

XenDex is interoperable by design, with plans to bridge tokens from all blockchains (including Cardano, Ethereum, BNB Chain and many others). The cross-chain functionality extends the reach of assets on the XRP Ledger.

“We built XenDex because the XRP Ledger needed more than just speed, it needed a full ecosystem,” - A core team member

Future developments on the XenDex roadmap are the creation of cross-chain token bridges and a Launchpad. The Launchpad will future incubate new projects under the XenDex ecosystem, offering them a platform to raise funds and distribute tokens at their inception.

With AI-powered copy trading you can automatically follow and replicate the strategies of the best traders on the platform. This new feature comes with both beginner and experienced traders in mind, allowing them to spot insights and opportunities that can help their portfolio thrive.