Phoenix Finance Is About To Launch The First DEX On Terra 2.0

Phoenix Finance plans to launch the first decentralized exchange on the newly proposed Terra 2.0. Several developers are also preparing to use the Terra network. Many, including investors, validators, and decentralized application (dApp) developers, have acknowledged TerraForm Labs' willingness to create a new chain from an existing one as part of its efforts to restore investor integrity.

Phoenix Finance announced today that they are thrilled to be among the first to enter the new Terra2.0 ecosystem. According to the team, the launch of a decentralized exchange (DEX) on the Terra network will take place shortly after the launch of the network. Terra is a Proof-of-Stake blockchain specifically built for fast transactions and low fees.

In addition, the Terra team announced that they will be splitting off a new chain from the existing one in order to quickly rebuild it and compensate investors. This is a highly anticipated move that will surely bring more attention to the project.

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