The Future Of Crypto Trading on Solana Is Called Secretum

Cryptocurrency asset trading has continued to skyrocket in 2021, hitting new and unprecedented records:

• Volumes reached $3.8 trillion in April 2021 when Bitcoin hit its all-time high.
• Between August 2020 to 2021, the traded value on large decentralized exchanges (DEXs), like Curve, Uniswap, and PancakeSwap grew by about 550%
• Major centralized exchange (CEX) Binance’s spot cryptocurrency trading volumes totalled $789 billion in September, versus $454 billion (€390.7 billion) in July, while derivatives volumes jumped almost 25% to $1.7 trillion.

DEXs have been gradually grabbing market share  from CEXs

One of the major drivers of this trend is the perceived superiority of DEX on many fronts:

• DEXs replace a centralised authority with automated protocols that enable trading and direct swapping of tokens, while CEX users give up control of their assets to the exchange’s servers.
• DEXs provide the user full control of their assets, eliminating jurisdictional constraints, and negating the need for KYC procedures.
• DEXs generally have lower trading fees compared to CEXs.

Despite their ongoing success, DEXs are still affected by a series of significant challenges.

Moreover, DEXs have been the subject of a growing number of cyber thefts and hacks:

DEXs have not been able to solve the many security challenges of CEXs. As the cryptocurrency trading sector continues to expand, there is a strong market demand for a definitive trading solution – one with all the advantages of DEXs, without its weaknesses. This solution is about to come to market, and its name is Secretum.

Secretum: cryptocurrency trading, reinvented

Secretum is the world’s first and only fully decentralized, encrypted, and secure trading dApp built on the Solana Blockchain.

The major innovation of Secretum is enabling the trading of all cryptocurrency assets (fungible and NFTs) directly between users, via a hybrid messaging + trading function.

The defining features of Secretum are a game-changer for cryptocurrency trading.

• A secure and anonymous sign-up process, which only needs the user’s cryptocurrency wallet address – no emails, names, or other personal data.
• An easy, intuitive, and purely P2P trading interface to send and receive cryptocurrencies and NFTs. 
• A unique search function to locate the owners of specific NFT assets, enabling two parties to connect to each other solely via wallet address and trading.

Secretum’s advantages over DEXs are significant:

• No risks of sensitive data leaks and full protection of the identity of cryptocurrency asset owners. All data is stored on the independent and verified nodes in the Secretum network, with no central point of failure.
• Record low fees and almost instant trades, thanks to Solana’s capability of 50,000 transactions per second and an average cost per transaction of only $0.00025. This compares favourably to the 0.1% to 0.3% + gas fees usually charged by DEXs.
• Traders are able to contact each other directly and find hidden liquidity in cryptocurrency markets – improving execution times and prices.

Secretum is ready to unleash its platform at a time where major DEXs are reaching valuations well into the billions of dollars: As cryptocurrency trading continues to grow, hacking attacks and cyber theft will become an even larger threat in terms of frequency and size.

Investors will therefore highly value a superior trading and private messaging platform with unrivaled security features.

By leveraging the power of the Solana Blockchain to offer unique benefits to cryptocurrency traders, Secretum is positioning itself to be that platform. Secretum litepaper.

Find out more about Secretum on the website. Join the community on Telegram. Email to join the Private Round.