Comdex March Review

The month of March was very eventful for the Comdex ecosystem, which goes a long way to highlight the hardworking nature of the Comdex team. For the first tine, the Comdex community got a sneak peek of what the synthetics platform would look like with the release of the cAsset Devnet.

The determination of the Comdex team to achieve their objective of initiating the synthetics commodity DEX has to be commended. They gradually are setting things in motion with lots of innovations and partnerships, little wonder the massive adoption of this project.

This article will focus on highlighting all the key features, developments and events that took place in the Comdex ecosystem during the month of March. As usual, this article will be split into two subheadings to aid better comprehension. The first part will talk about Comdex Community Updates while the second will focus on Integrations and Developments.

Comdex Community Updates for March 2022

• The Comdex team was well represented in the recently concluded ETHDubai conference. There were also some highly influential thought leaders from the DeFi space in attendance. It was an interesting event and a massive opportunity for Comdex to network, hopefully we see some new strategic partnerships formed in the coming days.
• The first Comdex Townhall event was hosted. In this event, exciting topics about the direction of this project was discussed. Community members, validators and prominent figures from the Comdex ecosystem were all in attendance. The event was a huge success and the Comdex ecosystem is anticipating more of such events as everyone in the ecosystem felt a sense of belonging.
• Comdex crossed 20,000 Twitter followers, coupled with a total of 35,213 unique $CMDX wallets on the Comdex chain, with transactions completed summing up to more than 430,000. These are incredible stats which show that this project is heading towards increased public adoption.
• There is now over $9.5 Million in CMDX in LPs on Osmosis DEX.
• The Comdex block height exceeded 1,900,000 with a whopping 67% staking ratio.

Integrations and Developments

• The cAsset Devnet is now live as the synthetics App can now be accessed. Check out the web app & the various functionalities the Comdex ecosystem can offer via this link.
• $CMDX stakers were eligible for a Stakedrop campaign organized by AssetMantle. AssetMantle is an upcoming NFT Marketplace framework where users can facilitate commerce for their NFTs.
• Also worthy of note, is Comdex’s recent integration into StakingRewards. StakingRewards is the leading data provider for staking and crypto-growth tools.
• The Comdex mainnet was successfully upgraded with the integration of more features to make user experience seamless and exciting. An extra 2,000,000 $CMDX was provided in incentives to the Osmosis LPs from unclaimed Airdrop funds.

Conclusion

A lot of hardwork was done by the Comdex team throughout March as you can see the integration and partnerships added to the ecosystem. The focus still remains to provide sustainable improvement to the ecosystem and continuous platform development. This project has experienced massive traction even before the mainnet launch of the Decentralized Synthetics Exchange. These are just early days and there will be more exciting times. Stay tuned for more updates.

About Comdex

COMDEX is a decentralized synthetics protocol in the Cosmos Ecosystem. Comdex builds solutions to democratize finance by giving investors exposure to a large range of asset classes.

For more details on Comdex, join the community:

https://t.me/ComdexChat
Website: comdex.one
Medium: https://medium.com/comdexofficial
Reddit: reddit.com/r/Comdex/
Discord: https://bit.ly/ComdexOfficialDiscord