Mdex (MDX) is a multi-chain decentralized exchange (DEX) protocol that has been operating since January 2021 and is built on the automated market maker (AMM) model. Users can exchange cryptocurrencies directly with each other without the need for a central authority. MDX runs on popular blockchain networks such as Ethereum, Binance Smart Chain (BSC) and Huobi Eco Chain (HECO), offering a wide flexibility and reach. The platform is characterized by low transaction fees and provides high liquidity thanks to its active community and high transaction volume. To ensure security, it uses smart contracts and security audits.
MDX, which has risen 11.25% in the last 24 hours and at the time of writing, is among the day's risers. After it was announced that MDX would be delisted by the world's largest stock exchange, its price surged. While the delisting of a cryptocurrency is normally a negative situation and causes the price of the cryptocurrency to fall, the rise may be an "exit pump", that is, a move to create an opportunity for exit by preventing the price of the cryptocurrency from falling with negative news. MDX price may have increased due to this manipulative move.
