Decentralized Exchange Extended (X10) Migrates to StarkNet: A New Era of High-Leverage Trading
StarkNet mainnet welcomes the commencement of Dex Extended
In a significant move, the decentralized exchange platform, Extended (formerly known as X10), has announced its migration to the StarkNet blockchain. This transition marks a new chapter in the platform's growth and development, promising faster transaction speeds, reduced fees, and improved user experience.
Features of Extended on StarkNet
As a decentralized perpetuals exchange, Extended offers a platform for traders to engage in high-leverage trading without the need for intermediaries. The platform now features over 50 trading markets, including both cryptocurrencies and traditional finance assets. Extended's leverage capabilities reach up to 100x, allowing traders to amplify their positions.
All operations on Extended are carried out using zk-stark technology, ensuring a high level of security and privacy. The platform supports EVM-compatible wallets such as Metamask and WalletConnect, as well as native StarkNet solutions. Onchain storage with Bitcoin strategies is also available on Extended.
Investment and Funding
Extended, previously known as X10, secured $6.5 million in funding to support its growth and development. The migration to StarkNet is part of its strategic growth plan, with the process occurring in three phases starting from August 12, 2025.
Future Plans
During the migration phases, traders will receive rewards, incentivizing participation and supporting the platform's expansion. Due to regulatory restrictions, the platform will not be available to U.S. traders, limiting its accessibility but ensuring compliance with existing regulations.
By leveraging StarkNet's technology, Extended aims to enhance user experience through faster transaction processing and reduced costs. The platform also integrates crypto lending and spot trading markets, providing a comprehensive trading ecosystem. Switching to StarkNet provides compatibility with other DeFi applications in the ecosystem, further expanding the platform's potential.
Investment Considerations
Potential investors should consider the following:
- Market Accessibility: The platform's exclusion of U.S. traders may impact its global reach and investor base.
- Regulatory Environment: Regulatory compliance is crucial, and changes in oversight could affect the platform's operations.
- Market Competition: The decentralized exchange space is competitive, and Extended must differentiate itself through innovative features and reliable performance.
Overall, Extended represents a promising development in the decentralized exchange space, offering high-leverage trading options and leveraging StarkNet's advanced blockchain capabilities. However, investors should carefully assess regulatory and market risks.
For those interested in learning more about Extended, it's worth noting that Starkware previously presented Stark Two, a tool for checking ZK evidence on mobile and desktop devices. The team is also working on bridges for direct account replenishment from other networks, further expanding the platform's accessibility.
[1] Source: Extended Official Announcement, [date]
- The transition of the decentralized exchange platform Extended to the StarkNet blockchain, as announced, will enable high-leverage trading not only with cryptocurrencies but also with traditional finance assets, using Bitcoin strategies for onchain storage and zk-stark technology for security and privacy.
- As Extended moves forward with its strategic growth plan, incorporating new features such as crypto lending and spot trading markets, potential investors should consider factors like market accessibility, regulatory environment, and market competition to assess risks and opportunities in this promising decentralized exchange ecosystem.
