IDEX Crypto Explained: How the Hybrid DEX Works, Token…
By Damilola Esebame
AI summary of the source article
IDEX is a decentralized trading platform currently operating on XCHAIN, an Arbitrum Orbit-based Layer 2 focused on perpetual swaps. The platform previously operated on Polygon using a hybrid model that paired an off-chain matching engine with automated market maker pools. Its native token has a fixed supply of one billion units and supports staking and governance.