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Kadena Looks to Capture DeFi Energy With New Decentralized Exchange

Kadenaswap, the hybrid blockchain protocol's coming DEX, will begin a rollout later this year.

By Danny Nelson
Updated Sep 14, 2021, 10:02 a.m. Published Sep 29, 2020, 7:54 p.m.
Kadena co-founder and President Stuart Popejoy
Kadena co-founder and President Stuart Popejoy

Hybrid blockchain platform Kadena plans to launch a new multi-chain decentralized exchange (DEX) in hopes of wooing business from congestion-plagued Ethereum-based rivals.

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Called Kadenaswap, the new DEX, unveiled Tuesday and set to debut late this year, will attempt to skirt Ethereum's surging gas fees and perennial network congestion (caused in part by the explosive success of Uniswap) by providing decentralized finance (DeFi) traders with an alternative platform that Kadena President Stuart Popejoy claims can handle high volumes.

  • Popejoy told CoinDesk his DEX will have no problem processing 480,000 transactions per second sitting atop Kadena's public blockchain, launched early this year.
  • Further, he said Kadena's existing bridge infrastructure, which currently facilitates cross-chain KDA token transfers via the Pact smart contract language, can easily port over to the coming DEX.
  • "We already have production code with fully decentralized bridges, and so that creates an interesting opportunity to think of a multi-protocol, multi-venue DEX," Popejoy said.
  • Kadenaswap will incentivize DEX market makers to spread their token pools "across the board" in a bid to ensure adequate cross-chain liquidity, said Popejoy.
  • Popejoy said Kadena is not fazed by the Ethereum network's oft-delayed protocol upgrade, Ethereum 2.0. Popejoy claimed that key stakeholders have long ago lost faith in the self-styled world computer's attempted reboot.

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Protocol Research: GoPlus Security

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  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere

Yazan Omkar Godbole
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Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.

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  • Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
  • Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
  • BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
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