Leverj Gluon Price Analysis- Layer 2 token supports growing derivatives exchange
Technicals for the L2/ETH pair on Uniswap suggest a nascent bullish trend on low timeframes. The Leverj Gluon token's value proposition is boosted by the successful launch of decentralized perpetual future contracts on the Leverj platform and an invitation for other DeFi projects to build on Gluon's layer 2 framework.
Best of 2020 – Why LEVERJ is the next big thing in DeFi
We’re revisiting some of the best Crypto Conversation podcast episodes of 2020. In this episode, we talk to Bharath Rao and Swapman from LEVERJ, the world’s first scalable decentralized derivatives exchange. LEVERJ is a trading platform created to perform like traditional financial exchanges while maintaining the critical function of security. Built on Gluon, a Plasma sidechain, LEVERJ is self-custodial by design, meaning that users always control their private keys and funds. Gluon is the first fully operational Ethereum Layer 2 chain, giving LEVERJ the high-transaction throughput to work as fast as centralized exchanges.
The importance of non-custodial decentralized exchange
The latest exchange hack on Cryptopia highlights again the need for trustless non-custodial trading. However, DEXs are still at a primitive stage and the few that can claim to be fully decentralized are slow and clunky and many hybrids forfeit some degree of decentralization for better functionality. The right balance of function and decentralization is still being worked out but building a DEX on sidechain technology is the latest innovation towards that goal.
