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During Paris Blockchain Week 2025, crypto exchange BYDFi introduced a product that bridged the gap between centralized convenience and decentralized opportunity: MoonX.
In a statement, MoonX is positioned as a solution to the “technical friction” currently facing investors who wish to access early-stage tokens on networks like Solana and BNB Chain.
This article is published in collaboration with MoonX. MoonX is a Web3 on-chain MemeCoin trading tool launched by the globally renowned cryptocurrency exchange BYDFi. Founded in 2020, BYDFi is dedicated to making trading simple and secure for users worldwide. MoonX embodies this philosophy, crafted specifically for Degen traders who pursue extreme speed and seamless experience, making on-chain trading unprecedentedly accessible.
Addressing “On-Chain” Complexity
MoonX aims to solve a long-standing gap in the crypto market. Traditionally, accessing early-stage assets (often referred to as “memecoins”) requires users to interact directly with Decentralized Exchanges (DEXs). This process typically involves managing non-custodial wallets, manually bridging assets across blockchains, and calculating gas fees for every interaction.
MoonX is described as a “hybrid” solution designed to abstract these complexities, effectively offering a “wallet-free” trading environment for the Solana, BNB Chain, Ethereum, and Base ecosystems.
“The future market leaders won’t just be those offering fast matching and low fees on CEXs, but platforms that can simultaneously link the on-chain ecosystem with user demand.” — Michael Hung, CEO of MoonX
Technical Framework: The “Dual Engine”
The core of the new system is what is termed as a “CEX + DEX Dual Engine.” This architecture aggregates liquidity from leading decentralized exchanges – such as Raydium, Uniswap, and Pump.fun – and presents it within a familiar centralized interface.
According to the technical specifications released, this engine operates on three primary layers:
- Liquidity Aggregation: Rather than maintaining a separate order book for every small token, the engine routes orders across multiple decentralized venues to find the best available price for a user’s trade size.
- Gas Abstraction: The system bundles blockchain network fees (Gas) and technical routing into the trade execution, removing the need for users to hold native gas tokens like SOL or BNB in a separate wallet.
- Risk Filtering: The platform claims to utilize a “Smart Risk Control” system that pre-scans tokens for common vulnerabilities, such as malicious contract permissions or potential “rug pull” indicators, before they are fully indexed for users.
Feature Deep Dive: Smart Money & Social Signals
Beyond simple execution, the MoonX interface integrates on-chain analytics directly into the trading UI. Two specific tools are highlighted that are aimed at retail traders:
- Smart Money Tracking: The system uses algorithms to tag wallet addresses that have historically shown high profitability or early entry into successful projects. Users can view these “whale” movements in real-time as reference indicators.
- Trend Discovery: By integrating data from on-chain activity, the platform attempts to surface “hot” tokens based on on-chain volume spikes rather than just centralized exchange listings.
Security via MPC Technology
Addressing concerns regarding asset security, it is emphasized that MoonX utilizes Multi-Party Computation (MPC) technology provided by security firm Safeheron.
In a standard centralized exchange wallet, a single private key often controls vast sums of assets, creating a single point of failure. MPC technology changes this by splitting the private key into multiple shards, which are distributed across different parties.
BYDFi states that this partnership ensures that while users are trading volatile on-chain assets, the underlying funds are protected by “institutional-grade” protocols that prevent unauthorized access to private keys.
Industry Context & Market Risks
The launch comes at a time when trading volume on decentralized exchanges has occasionally surpassed that of centralized counterparts, driven largely by the 2025-2026 memecoin cycle. Hybrid tools like MoonX represent a growing trend where centralized exchanges attempt to recapture this volume by simplifying the user experience.
However, industry observers note that while the tool simplifies access, the assets themselves remain highly volatile. The tokens typically traded on these networks are experimental and can experience extreme price fluctuations. BYDFi’s own release includes disclaimers that “Smart Money” features are intended as guides rather than guarantees of future performance.
This article is published on BitPinas: MoonX Bridges CEX and DEX Worlds with Wallet-Free Trading Experience
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