IDEX (IDEX) has risen 6.41% in the last 24 hours.

Gate News Bot news, on October 29, according to CoinMarketCap, as of the time of writing, IDEX (IDEX) is currently priced at $0.02, with a rise of 6.41% in the last 24 hours, reaching a high of $0.02 and a low of $0.02. The current market capitalization is approximately $208,000, which is an increase of $12,500 compared to yesterday.

IDEX is a decentralized exchange for perpetual contracts based on a Proof-of-Liquidity mechanism. The platform offers features such as one-click account opening, gas-free trading, high-performance execution, an intuitive user interface, a smooth mobile experience, and non-custodial funds. IDEX also provides APIs and SDKs for developers to integrate, and has a market maker program.

Recent important news about IDEX:

1️⃣ Launch of zkEVM Layer 2 chain based on Polygon Supernets IDEX announced the development of a zkEVM Layer 2 chain based on Polygon Supernets technology. This initiative aims to enhance the platform's transaction speed and scalability while reducing users' transaction costs. The new Layer 2 solution is expected to attract more users and developers, thereby driving the rise of the IDEX ecosystem.

2️⃣ Market price predictions show an optimistic trend Multiple cryptocurrency analysis firms have a positive outlook on the price trend of IDEX. Predictions indicate that IDEX may maintain a rise trend for a period of time in the future. This optimistic expectation could attract more investors' attention and participation in IDEX trading, further driving its price up.

3️⃣ Continuously improve product features and user experience The IDEX team is continuously optimizing its decentralized exchange platform, including improving the trading interface, enhancing the mobile experience, and expanding API functionality. These ongoing product iterations help increase user engagement, attract more traders to use the IDEX platform, thereby increasing the demand and value of tokens.

From a technical perspective, IDEX is currently showing a rise trend, having broken through recent resistance levels. However, considering the high volatility of the cryptocurrency market, investors should still be cautious about potential pullback risks.

This message is not an investment suggestion; investors should be aware of market volatility risks.