Mdex is an Automated Market-Maker (AMM) decentralized exchange, launched in January 2021 and designed to provide a dual mining mechanism, including commercial mining and liquidity mining support. The development team stated that the goal of Mdex is to become the largest DeFi platform by integrating DEX, IMO, and DAO on Heco and Ethereum.

MDEX uses a dual-chain model on both Ethereum and Hubi Eco Chain (HECO) networks, integrating the advantages of low transaction costs of the Heco chain and the high liquidity of Ethereum to create a synthetic DEX ecosystem. Mdex has similar characteristics to Uniswap but far exceeds Uniswap in terms of speed and has a lower cost. The estimated cost per transaction on Mdex is 0.001 USD, and the transaction speed is 3 seconds/transaction.