MDEX

What MDEX does

MDEX is a Singapore-headquartered decentralized finance protocol that operates a multi-chain DEX platform combining spot trading, perpetual futures, liquidity mining, cross-chain bridging, NFT trading, and DAO governance under a single interface. The underlying architecture is smart-contract based with open-source code and on-chain transaction traceability; users connect self-custodial wallets and sign transactions directly, with no custodial intermediary. Launched in January 2022, MDEX bundles its products into modules labeled Swap, Futures, Pool, Liquidity, Trading, Boardroom, Bridge, DAO, and NFT, and applies a transaction-fee-funded MDX token repurchase-and-burn to manage token supply.

The platform monetizes exclusively through on-chain transaction fees — primarily trading fees on spot swaps and on perpetual/futures contracts — with revenue accruing to liquidity providers, stakers, and the protocol's buyback mechanism. Go-to-market is purely product-led: there is no traditional sales function, and user acquisition runs through community channels (Telegram, Discord, Twitter, Medium, Weibo) plus ecosystem-program listings such as the M-Angel Program, IMO, KOL, and Bug Bounty applications. The target customer is the global, long-tail retail DeFi user — crypto traders, liquidity providers, and yield farmers seeking self-custodial exposure.

MDEX claims zero risk vulnerabilities since launch and emphasizes open-source transparency and self-custody as primary trust signals. The firmographic profile is a privately held entity with 11–50 employees, no disclosed institutional investors, no disclosed revenue or funding rounds, and a notable on-chain footprint that has prompted both the retirement of its HECO chain integration and active warnings about counterfeit look-alike websites. Independent valuation is not feasible from the supplied data.

Name

MDEX

Website

https://mdex.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

MDEX is a Singapore-based decentralized exchange protocol offering spot trading, perpetual futures, liquidity mining, cross-chain bridging, and DAO governance to global retail crypto traders via a self-custody, product-led platform.

Ownership category

akta.pro rank

Product category

Decentralized Exchange (DEX)

NAICS

Securities and Commodity Exchanges (523210), Commodity Contracts Intermediation (52316)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Liquidity Management & Market-Making Protocols (FSADAMAH)

akta.pro secondary industry

DAO Treasury, Governance & On-Chain Finance Tools (FSADAMAL)

Keywords

• Decentralized exchange
• DeFi protocol
• Liquidity mining
• Perpetual futures trading
• Cross-chain bridge

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Trading Transaction Fees: MDEX generates revenue through transaction fees charged on trades executed through its DEX. Fees contribute to a repurchase and burn mechanism for the MDX token.
2. Perpetual Contract Fees: Fees collected from perpetual/futures trading operations on the platform.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

MDEX is a decentralized finance (DeFi) protocol that operates as an automated market maker (AMM)-based decentralized exchange supporting spot token swaps, perpetual futures trading, liquidity mining, and stake mining. The platform integrates DAO governance, an Initial Mining Offering (IMO) module, cross-chain asset bridging, and NFT trading, with all transactions executed through open-source smart contracts and assets held in self-custody via user-controlled wallets.

Product overview

MDEX is a decentralized finance (DeFi) ecosystem positioned as a multi-chain platform offering integrated DEX, IMO (Initial DEX Offering), and DAO functionalities. The platform operates as a unified ecosystem comprising core trading products (Swap, Futures, Trading), liquidity services (Pool, Liquidity), governance modules (Boardroom, Dao), cross-chain infrastructure (Bridge), and NFT services. Launched in January 2021, MDEX supports spot transactions, perpetual trading, stake mining, and cross-chain bridges with self-custody of assets via wallet signatures and full transparency through open-source smart contracts.

Differentiator

Problem solved

Functional benefit

Products and services

• Swap Decentralized exchange for spot trading of tokens using liquidity pools that support instant swaps between assets. Intended for individual cryptocurrency traders seeking self-custodial token exchange.
• Futures Perpetual futures trading platform enabling users to trade futures contracts with leverage, with NFT-based fee discounts available to holders. Intended for individual crypto derivatives traders.
• Pool Stake mining pool allowing users to deposit assets and earn rewards through liquidity provision. Intended for DeFi yield-seeking users.
• Liquidity Liquidity mining program enabling users to contribute assets to liquidity pools and earn yield rewards. Intended for DeFi liquidity providers.
• Boardroom Governance dashboard for staking MDX tokens and participating in community proposals and voting. Intended for MDX token holders who wish to participate in protocol governance.
• Bridge Cross-chain bridge enabling asset transfers between different blockchain networks. Intended for users needing interoperability across multiple chains.
• NFT NFT trading functionality within MDEX that provides discounts on perpetual contract fees to NFT holders. Intended for crypto users trading NFTs.

Quantifiable outcome

• Zero risk vulnerabilities since launch in January 2022

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• PancakeSwap: PancakeSwap is the leading DEX on BNB Chain offering spot trading, perpetuals, liquidity mining, NFTs, and a CAKE token with burn mechanics - directly overlapping MDEX's product mix of swap, perpetuals, pools, NFT marketplace, and MDX burn.
• SushiSwap: SushiSwap is a multi-chain AMM DEX offering spot trading, liquidity programs, and community governance via the SUSHI token. Closely comparable to MDEX in AMM model, multi-chain deployment, and community-driven tokenomics.
• Curve Finance: Curve Finance is a concentrated-liquidity DEX specialized for stable and pegged assets. Relevant as a direct liquidity-management protocol competitor to MDEX's Pool and Liquidity products with comparable AMM-based market making.
• Balancer: Balancer is a multi-asset automated market maker enabling weighted liquidity pools and customizable trading fees. A direct liquidity-management and market-making competitor to MDEX's Pool/Liquidity products.
• dYdX: dYdX is a decentralized perpetual futures exchange. Compares directly to MDEX's Futures product line, both offering leveraged perpetual contract trading on a non-custodial, smart-contract-based venue.
• QuickSwap: QuickSwap is a Polygon-native DEX offering AMM swaps, liquidity mining, and perpetuals via DragonFi. Directly comparable as a multi-chain AMM DEX competing for the same DeFi trader and LP audience as MDEX.
• Uniswap: Uniswap is the largest decentralized exchange on Ethereum and a foundational AMM-based DEX. Directly comparable to MDEX as both operate automated market maker pools, spot swaps, and open-source smart-contract infrastructure for self-custodial trading.

Emerging players

• Thorchain: Thorchain is a cross-chain liquidity network enabling native swaps between disparate blockchains. Comparable to MDEX's cross-chain Bridge product in delivering cross-chain asset transfer functionality for trading.
• Trader Joe: Trader Joe is a DEX on Avalanche offering spot trading, perpetual futures (Joe v2), and liquidity mining. Comparable as a multi-feature DeFi trading platform competing for users in the same DEX category as MDEX.

Broad incumbents

• 1inch: 1inch is a DEX aggregator routing trades across multiple liquidity sources with broad chain coverage. Indirectly competitive with MDEX as it siphons order flow to other venues rather than hosting pools itself, but addresses the same DeFi user base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Mdextech
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/mdex-global

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MDEX