Kattana Is the All-in-One Trading Terminal Defi So Badly Needed
14 December 2021 - 4:32PM
NEWSBTC
With Kattana, DeFi finally has a professional trading terminal that
matches (and often exceeds) CEX ones. As long as DeFi existed,
there has been a massive gap between the tools available to
traditional traders on CEXs and outside of crypto vs. the very
basic tools available to DeFi traders, often having to just take
whatever price is being offered on Uniswap or other AMMs. But what
trader wants to be limited by blunt instruments when the price of
even a tiny delay can cost millions? The team behind Kattana knew
this all too well, having already developed a successful CEX
trading terminal. However, creating an effective one for DeFi
presented a number of challenges, some of which seemed
insurmountable. For starters, it’s hard enough to create an
accurate terminal to trade on one blockchain — Kattana’s works on 6
(with more planned). Building anything cross-chain is very
difficult, let alone having quick and effective trades cross-chain.
Kattana built completely new infrastructure — from scratch — to
make cross-chain trading quick, accurate, and secure. The best part
about this new infrastructure is that it allows quick updates and
massive scalability. The features that will now be possible to
release are simply mind-bending. Kattana gives users the ability to
trade in real-time on over 40 DEXs across multiple networks.
Traders are getting 24 charts on one screen, 3 types of limit
orders, an AI-powered news aggregator, data analysis and other
innovative tools. Data accuracy is also difficult to achieve in a
decentralized marketplace. To this end, Kattana has already 383
million trades on over 800,000 trading tickers. And it’s only
ramping up: just on 3 blockchains, Kattana is recording 4-5k
trading tickers daily. Kattana’s CEO, Ilya Demydonok, is well aware
of the challenges: “Many told me that this was impossible, but our
team put in crazy long hours and created a trading terminal not
only as good as any CEX but even better.” Sometimes, something that
looks easy and obvious is extremely hard to achieve in DeFi. Such
is the case with limit orders the way traders are used to them on
CEXs. Yet, Kattana’s engineers figured out a way to get them right
and will implement proper limit orders into the next update. All
these, hard to implement but necessary for traders features create
the most powerful and seamless trading experience that finally
brings DeFi trading to the pro level.
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