Radar Relay, the peer-to-peer decentralized trading platform for Ethereum-based tokens, emerged from its beta phase this week. The newly-launched Version 1 makes substantial improvements to its automated trading tools through the development of an updated API and new SDK. Radar Relay’s platform represents a breakthrough for decentralized trading platforms by significantly improving the global accessibility, security, and usability offered to customers.
“When we launched the Radar Relay beta, we took a leap of faith in taking on the challenges of creating a new category and bringing control back to traders. Nine months later, the answer is clear, the response has been humbling, and we are one step closer to onboarding the world to the token economy,” CEO Alan Curtis said. “Leaving beta is more than just a technical update; it’s an inflection point for our industry. We are excited to evolve past the traditional exchange with the creation of wallet-to-wallet trading.”
This Version 1 update comes with improvements to user onboarding, with an intuitive tool to guide users through the process of connecting their wallet to the platform and enabling tokens for trading. The update also provides Radar Relay’s blockchain-based API with the same level of operational stability and usability as other professional-level APIs.
“With the newly-created API, we looked to innovative on the concept of an API altogether by creating an intuitive and in-depth tool set. The same level of effort and attention to detail that went into creating our product was applied to our documentation as well, to ensure it’s more than just code on a page,” CTO Mike Roth said. “This enables users of all experience levels to plug into Radar Relay not only to create and execute automated trades, but also further enhance their existing applications.”
Throughout the beta stage, Radar Relay added more than 170 ERC-20 tokens to its platform, facilitated more than $150 million USD in trading volume, and saw the average trade size increase by a factor of 40.