What Is Adrena (ADX)? Complete Explanation of the ADX Token and Adrena Perp DEX

Adrena (ADX) is a decentralized platform that offers a perpetual (Perp) trading experience with high leverage. Using Solana as its main blockchain, Adrena enables users to trade assets such as BTC, SOL, and even BONK with leverage of up to 100x.

In addition, Adrena also introduces innovations in its revenue-sharing model and token ownership model. We will delve deeper into Adrena, the ADX token, as well as the compelling features offered by Adrena Perp DEX.

Also Read: 7 Effective Crypto Trading Tips for Beginners, Complete with Tips and Tricks

What Is Adrena (ADX)?

Adrena is a decentralized exchange (DEX) built on Solana that allows users to perform spot and perpetual trading with low swap fees and zero price impact trades.

Known for its peer-to-pool system, Adrena offers benefits for liquidity providers and enables anyone to trade directly from their wallets without needing to create an account or deposit funds first.

In addition, Adrena uses two main tokens in its operations: $ADX as the governance token and $ALP as the token that represents liquidity providers.

Key Features of Adrena

• 100x Leverage: Users can trade assets with high leverage.
• Low Swap Fees: Enables users to transact with very low costs.
• Revenue-Sharing Model: 70% for liquidity providers, 20% for ADX token holders, and 10% for the DAO.
• No Price Impact: Every transaction can be executed without affecting the market price.

ADX Token: Governance Token and Revenue Sharing

The ADX token functions as the governance token within the Adrena ecosystem. ADX token holders have voting rights in the Adrena DAO and participate in the platform’s revenue sharing.

In addition, Adrena allocates 20% of platform revenue to ADX token holders who have staked.

ADX Token Price

Based on the latest information, the current price of the ADX token is $0.03889 with a 35.6% increase in the last 24 hours. This indicates attractive growth potential, considering Adrena has recently introduced new innovations in the DeFi world.

With a total supply of 995 million ADX and a circulating supply of 987 million ADX, this token has the potential to grow further along with platform adoption and usage.

Benefits of Buying ADX

• Staking for Passive Income: ADX holders can earn income from staking and the platform’s revenue sharing.
   
• Governance Ownership: ADX holders have voting power in important decision-making through the DAO.
   
• Token Value Growth: With a solid business model and continuous innovation, the ADX price has growth potential as the platform develops.

Also Read: How to Play Crypto: A Complete Guide for Beginners

Adrena Perp DEX: A Leverage Trading Platform

Adrena Perp DEX is a platform that enables users to conduct perpetual trading with high leverage, up to 100x, on various assets such as BTC, SOL, and BONK.

The platform uses a peer-to-pool model, which means liquidity is provided by other users who act as liquidity providers.

Advantages of Adrena Perp DEX

• Leverage Up to 100x: Provides greater opportunities for large profits with higher risk.
   
• No Price Impact: With zero price impact trades, transactions can be executed without affecting market prices.
   
• Fair Revenue Sharing: Offers significant incentives to liquidity providers and ADX token holders through the platform’s revenue sharing.

Conclusion

Adrena offers new opportunities in DeFi trading with its innovative approach. Through the ADX token, the platform provides greater control to token holders in managing and developing the platform.

With the ADX price continuing to develop and a solid business model, Adrena has the potential to become a major player in the Perp DEX space on Solana.

Interested in starting to trade or want to learn more about Adrena and the ADX token? Feel free to explore Bittime Exchange for trading or read crypto news on Bittime Blog.

How to Buy Crypto on Bittime

Want to trade or buy Bitcoin and invest in crypto easily? Bittime is ready to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is secure and fast.

Start by registering and verifying your identity, then make a minimum deposit of Rp10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to learn today’s crypto market trends in real time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

FAQ

What is the ADX token?

The ADX token is the governance token on the Adrena platform that grants voting rights to its holders and a share of the platform’s revenue.

How do I get the ADX token?

You can buy the ADX token on various leading exchanges, or earn it through staking.

What is Adrena Perp DEX?

Adrena Perp DEX is a decentralized platform for perpetual trading with leverage of up to 100x on various crypto assets.

What is the current price of ADX?

The current price of the ADX token is $0.03889 with a 35.6% increase in the last 24 hours.

What are the benefits of using Adrena Perp DEX?

Benefits of using Adrena Perp DEX include high leverage, low fees, and fair revenue sharing for liquidity providers and ADX token holders.