Mute Offers Preview of Long-Awaited Layer 2 DEX Set to Launch
San Francisco, CA / SEAPRWire / July 27, 2021 /- Recently, Mute, a project building solution that make the defi space more accessible and useful to all, has launched a beta version of Mute Switch, their forthcoming DEX platform. While 2021 has thus far been a banner year for digital finance—and defi in particular—the ascension of this still-nascent sector and the enthusiasm engendered by the significant potential it possesses have not eliminated its flaws. For as long as crypto has been around, pricing and scalability issues, like the two ends of a single pincer, have kept it from realizing more fully the potential it has as a transformative financial instrument. A mere surface analysis of Ethereum's recent performance does much to demonstrate how problematic these issues are. While ETH experienced unprecedented growth as the underlying vehicle powering much of defi, the growth was not sustainable primarily due to scalability limits and correlated high gas fees—at times ranging into hundreds of dollars—hamstringing users and pricing others out of the market. The remedy to this has been sought by building a successive layer on top of the primary blockchain, or what is now considered...
