Review on Radar Relay by Danh Huỳnh Ngọc Công
Radar Relay - an on-chain DEX
Radar Relay is good decentralized exchange for tokens trading on Ethereum blockchain. The exchange has a good design and simple usage that it can be considered one of the best decentralized exchanges existing. Although there are some minor drawbacks, liquidity is the first problem that needs to be tackled with. Hopefully, the developments in the future will make it become more popular
Pros
- - Users can trade on Radar Relay right away by connecting their wallets to the exchange. It is not compulsory for users to register an account or submit self-identities to the exchange. Trading can be started right after users signed the contracts
- - The exchange supports seven languages including English, Chinese, Korean, Russian, Spanish, and French. It is good to be able to serve a wide range of customers
- - The design of the website is very beautiful, painted with its main colors: gray, cyan, black, white, and orange. Buttons for features can be
- - The trading interface was designed carefully that it seems there is no obvious fault can be found
- - You don't have to pay any fees for depositing or withdrawing your assets, just pay transaction fees as required by the blockchain
Cons
- - Although users don't need to pay any fees for deposit and withdrawal, they have to pay transaction fees which are not stable and sometimes can go very high. There are also some additional fees for other functions
- - The connection between the wallets and Radar Relay can be messed up if there is more than one extension on the browsers
- - It may be challenging for some users as it is technically difficult to use the function
- - The volume of cryptocurrencies traded on the exchange is too low so the price may be manipulated significantly
